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Parametric Technology Corp. (PTC) expects to pursue new acquisitions of businesses through an expansion of its revolving line of credit, according to a regulatory filing. The Needham-based company has expanded its revolving credit line to $300 million, from the $230 million line the company had since... Read more
Category: Mass High Tech, PTCWhen I needed wheels for a quick trip to Plymouth yesterday, I didn't reserve at the nearest Avis location or grab a Zipcar from one of their designated spots. Instead, I popped the locks on a neighbor's car when he wasn't around and took off. It was cheaper than the other two... Read more
Category: Innovation Economy, RelayRidesThe Mass Technology Leadership Council has moved forward with its absorption of the Massachusetts Network Communications Council, forming a new Mobile Executive Advisory Committee to help build its mobile cluster. The new committee is being led by co-chairs Steve Krom, vice president and general manager at... Read more
Category: Mass High Tech, MassTLCSome companies keep a playbook of product tips, tricks and trade secrets. Zynga has an internal playbook, for instance, that is a collection of “concepts, techniques, know-how and best practices for developing successful and distinctive social games”. Zynga’s playbook has entered the realm of legend... Read more
Category: SCVNGR, TechCrunch“I’m the only person in location who’s happy today.” That was Seth Priebatsch last Thursday. It was the morning after Facebook announced its new feature, Facebook Places, that lets people “check in” using their iPhone or iPad (or location-aware laptop) and share their location with their social... Read more
Category: SCVNGR, Seth Priebatsch, XconomyEarlier this year, Salem, NH-based semiconductor company AmberWave Systems Corp quietly shut its doors, and a new company called AmberWave, Inc. has been formed with its assets, according to multiple sources close to the companies. The news comes to light after an SEC filing on Thursday revealed... Read more
Category: AmberWave, XconomyNine Rhode Island startups presented to investors and others at a crowded demo day for the Providence startup accelerator Betaspring last Thursday. But besides the nine companies, and the Betaspring summer program itself, which is now completing its second year, there are other factors drawing VCs and... Read more
Category: Betaspring, Mass High TechIt looks like the lazy days of summer are in full swing. While equity financing deals for Massachusetts startups surged in June to hit a total of $307 million, investors took a bit of a break in July. Last month, Bay State tech and life sciences startups raised less than half their June... Read more
Category: Venture Capital, XconomySunday's Globe column focused on Rue La La, one of the most successful e-commerce companies to come out of Boston since... well, ever? The company was acquired last year for a sum that could hit $350 million if the company meets certain milestones, and it'll hire more than 100 people in Boston... Read more
Category: Ben Fischman, David Fialkow, General Catalyst, Innovation Economy, Rue La LaFor a startup that started out competing with Google Inc.’s near-ubiquitous Google Street View feature, Everyscape Inc. of Waltham is doing very well. With 50 employees, Everyscape will move at the end of August into new headquarters in Newton that will accommodate a doubling in size. Last week, news leaked of... Read more
Category: EveryScape, Mass High Tech