Bankruptcy and liquidation may have been a foregone conclusion, after Curt Schilling's video game company 38 Studios laid off all its employees, last month. But 38 Studios' Chapter 7 filing, dated Thursday, provides a view into the company's assets, and the creditors it may leave hanging...
Read more Category: 38 Studios, Boston Business JournalWhatever happened to Brightcove? You know, the Jeremy Allaire company known for developing a Web video-hosting platform and raising lots of money in the mid-to-late 2000s? Well, for starters, it went public in February with a $55 million IPO. That didn’t begin to match the $103 million it had...
Read more Category: Jeremy Allaire, Xconomy, XconomyTechStars has just announced an incredibly valuable and honorable new initiative. TechStars Patriot Boot Camp is an intense three day program aimed at educating and mentoring Veterans and service members to innovate, become entrepreneurs and start companies. While the initiatives’ overall goal is to...
Read more Category: BostInno, TechStarsHow much investor interest is there in Gemvara, the Boston-based seller of customizable jewelry? Chief executive Matt Lauzon, right, says that the company just "raised twice as much as we thought we were going to raise" in its latest dance with the VCs. The new round, totaling $25 million, was led...
Read more Category: Gemvara, Innovation Economy, Matt LauzonIn the latest batch of television ads for Apple’s iPhone 4s, one high-profile Massachusetts resident takes center stage. But a second, perhaps more crucial local player, remains incognito. Movie star John Malkovich, who lives in Cambridge, lounges in a leather chair and chats with Siri, the virtual personal...
Read more Category: Innovation Economy, NuanceThe IPO seas have been particularly tempestuous for Norwalk, CT-based KAYAK. After officially filing its IPO documents in November of 2010, KAYAK tread water due to choppy market conditions and inconsistent earnings. Then, two weeks ago, after a positive first quater, the travel website announced its...
Read more Category: BostInno, KayakBoston location technology firm Skyhook has launched a new data intelligence product with a handful of customers, which the company believes "could dwarf the software side of the business over time," CEO and founder Ted Morgan said in an interview. The product is based on the data...
Read more Category: Boston Business Journal, Skyhook Wireless, Ted MorganWho will own the emerging tech-business field of “big data”? Answer: probably no one entity or geographical region. But the state of Massachusetts is putting its best foot forward this week, with an assist from Intel, MIT, and some local big-data leaders. Wednesday afternoon, at 2 pm...
Read more Category: HackReduce, Massachusetts Big Data Analytics, XconomyIn the days before Siri, one of the most innovative speech startups around was Boston's SpeechWorks International. The company mainly focused on bringing speech recognition to the phone systems of customers like Amtrak, United Airlines, and FedEx, helping handle calls more efficiently. But the...
Read more Category: Innovation Economy, Stuart Patterson, XtoneThe more than 400 employees at Providence, R.I.-based 38 Studios, the video game company founded by former Boston Red Sox pitching ace Curt Schilling, reportedly received layoff notices this week. "The Company is experiencing an economic downturn," 38 Studios management told employees...
Read more Category: 38 Studios, Boston Business Journal, Curt Schilling