Framingham-based Courion Corp. yesterday announced it will open a research and development facility in Pune, India. The identity and access management software maker’s India Technology Center will work to double the company’s existing library of connectors, which now integrate more than 160 applications, Courion said in a press release. The press release specifically Read more
Category: Courion, Mass High TechSitting in their new Cambridge restaurant, Tupelo, on a busy weekend night, Renee “Petsi’’ McLeod and her husband, Mike Walker, are surrounded by concessions to the recession: the dishwasher that was repaired rather than replaced, the chairs bought at a restaurant auction, the entrees that top out around $15. In South Boston, Geoff Chapin is shifting strategy at his new home-energy-efficiency company to deal with the tough economy. His Read more
Category: Consumer Web, Daily Grommet, eCommerce, Jules Pieri, The Boston GlobeInteractive advertising and consulting firm Sapient Corp. is set to acquire New York-based Nitro Group, a global advertising network that works for large brands including Mars, Volvo and Nike, the company said Wednesday. The Sapient-Nitro deal is valued at between $50 million and $60 million in cash and stock, according to press reports. The acquisition is expected Read more
Category: Boston Business Journal, SapientEnerNOC Inc. said Wednesday it has acquired eQuilibrium Solutions Inc., a carbon tracking and energy efficiency software developer. The deal’s terms were not disclosed. The Boston-based demand side management technology company said Boston-based eQuilibrium’s software, which helps companies track and monetize their greenhouse gas emissions, will be integrated into Read more
Category: EnerNOC, Mass High TechLogMeIn Inc. today announced the terms of an initial public offering (IPO) it originally filed for in January, 2008. The Woburn-based provider of remote connectivity and support services said in a press release this morning it will offer 6.67 million common shares at $14 to $16 per share, for an initial market cap of up to $342 million. LogMeIn plans to list on Nasdaq Read more
Category: IPO, LogMeIn, Mass High TechA group of E Ink investors with concerns about Prime View International’s move earlier this month to purchase the Cambridge, MA-based e-paper display company will likely try to prevent the sale when it comes up for a shareholder vote, according to a source familiar with the company. E Ink has roughly 100 separate shareholders; it’s not known how many Read more
Category: E Ink, XconomyLogMeIn, the Woburn, MA-based startup that makes software for controlling PCs and other devices remotely, today filed updated registration documents with the Securities and Exchange Commission revealing how much stock it hopes to sell in its planned initial public offering, and at what price.The company plans to offer 5 million shares of common stock for sale, while Read more
Category: IPO, LogMeIn, XconomyData storage titan EMC Corp. of Hopkinton has encountered a roadblock in its campaign to acquire Data Domain Inc. for nearly $2 billion. The Data Domain board yesterday voted to reject EMC's $30-a-share, all-cash offer, and follow through on a previously arranged merger with EMC rival NetApp Inc. Data Domain president and chief executive Frank Slootman said Read more
Category: EMC, The Boston GlobeThe Massachusetts Innovation and Technology Exchange, an organization of 7,500 New England professionals in the Internet and digital marketing and advertising fields, handed out its yearly Technology Awards for the sixth time last night. Meant to celebrate the local companies who are bringing the most innovative technologies to bear on real business Read more
Category: Affinnova, Crimson Hexagon, Ember, EveryZing, LogMeIn, MITX, Netezza, Oco, Pixily, ScanScout, SCVNGR, Swaptree, Turbine, VidSys, Virtual Computer, Wordstream, XconomyIf you want to build a program to nurture early-stage startups in New York City through regular meetings with investors, legal and financial advisors, and experienced CEOs, where do you turn for mentors and sponsors? To Boston, naturally. Of the 11 founding members of the new First Growth Venture Network, five—Battery Ventures, Charles River Ventures, Flybridge Read more
Category: Battery Ventures, Charles River Ventures, Flybridge Capital, Highland Capital, North Bridge Venture Partners, Venture Capital, Xconomy