Deals - Q1 2014 Review - The Big Ones

 
 

Deals - Q1 2014 Review - The Big Ones



The first quarter of 2014 was very active in terms of deals for companies at all stages.

We are going to take a look at some of the major deals over three days:  The Big Ones; Scaling to the Next Level, & The Next Generation.

First up... The Big Ones - meaning exits or companies that are likely on the cusp of having an exit.


* Winning cover photo from Shutterstock
 

Care.com goes public!






Care.com went public on January 24th trading on the NYSE with the ticker symbol CRCM. 

It had been a while since we've seen an IPO in Boston... never mind a consumer company going public.
 

Wayfair raises $157M in funding






Wayfair, one of the best success stories in Boston, is building a monster eCommerce / consumer brand in Boston. They raised $157M in funding to continue with their growth and pay for those great TV commercials.

It will be a huge win for Boston, once they go public.
 

Actifio raises $100M in funding






Actifio is making some major waves. They raised $100M at a $1.1B valuation for continued growth of their copy data virtualization solution.

Obviously, Actifio is another company on the heels of an IPO.
 

Spotify acquires The Echo Nest





The Echo Nest... one of Boston's best kept secrets, was acquired by Spotify. They power the music discovery feature for most of the major music subscription services.

Add Spotify to the list of big consumer tech brands building an outpost in Boston.
 

Zulip is acquired by Dropbox




Stealth mode startup - Zulip was acquired by Dropbox.

2 points to note here. This was the second exit for the founding team of MIT grads. Their last company Ksplice was acquired by Oracle in 2011.

And, this was Dropbox's second acquisition in Boston. Last year, they acquired Sold.
 

Cloudant acquired by IBM






Databsase-as-a-Service provider, Cloudant was acquired by IBM. 

Some of their investors included Andy Palmer, Avalon Ventures, & In-Q-Tel.  They were also an alum of Y Combinator.
 

Imprivata files an S-1






Healthcare single sign-on solution company, Imprivata filed an S-1 for their IPO. 

This Lexington based company is backed by General Catalyst, Highland Capital, & Polaris Partners.
 

Dyn acquires Nettica






Dyn continues to build a huge company in Manch-Vegas, NH. They acquired managed DNS provider Nettica in Georgia.

Dyn is another strong IPO target.
 

uTest / Applause raises $43M in funding




uTest, which is changing it's name to Applause, raised $43M in funding.  They are based in
Framingham and provide a crowdsourced testing suite for web, mobile & desktop apps. 

They are another company that is
scaling for massive growth and yes... they are also another IPO target.
 

Azuki Systems acquires by Ericsson






Azuki Systems, a provider of TV Anywhere delivery platforms, was acquired by Ericsson. 

Kepha Partners and Sigma were investors in the company.