Year’s Best Exits—Top Massachusetts IPOs and M&As of 2007

which include the firms’ names, their fields, who bought them in the case of M&As, and the deal value. Once again the data comes courtesy of Dow Jones VentureSource.

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Top 10 Massachusetts M&As of 2007 (by purchase price)

Health Dialog (Boston): Decision support services. Acquired by BUPA (United Kingdom) — $775 Million

Adnexus Therapeutics (Waltham): Biotechnology. Acquired by Bristol-Myers Squibb — $430 million

Domantis (Waltham): Biotechnology. Acquired by GlaxoSmithKline — $406 million

Hypnion (Lexington): Pharmaceuticals. Acquired by Eli Lilly — $315 million

Alantos Pharmaceuticals (Cambridge): Biotechnology. Acquired by Amgen — $300 million

VoiceSignal Technologies (Woburn): Connectivity and communications software. Acquired by Nuance Communications — $293 million

Acopia Networks (Lowell): Connectivity and communications software. Acquired by F5 Networks — $210 million

Spotfire (Somerville): Business applications software. Acquired by Tibco Software — $195 million

Interwise (Cambridge): Business applications software. Acquired by AT&T — $121 million

Archivas (Waltham): Database software. Acquired by Hitachi — $120 million

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Top 10 Massachusetts IPOs of 2007 (by dollars raised)

Starent Networks (Tewksbury) — Wireless communications equipment — $108 million

Netezza (Framingham) — Data storage — $108 million

Constant Contact (Waltham) — IT business services — $93.3 million

EnerNOC (Boston) — Energy conservation products — $91.7 million

Athenahealth (Watertown) — Decision support services for medical practices — $90 million

TechTarget (Needham) — Media, content & information — $83.6 million (Editor’s note: we applaud all media-content company IPOs, but feel they are all undervalued)

Molecular Insight Pharmaceuticals (Cambridge) — Biotechnology — $70 million

BladeLogic (Lexington) — Connectivity and communications software — $67 million

Virtusa (Westborough) — IT consulting — $61.6 million

Sirtris Pharmaceuticals (Cambridge) — Biotechnology — $60 million

Author: Robert Buderi

Bob is Xconomy's founder and chairman. He is one of the country's foremost journalists covering business and technology. As a noted author and magazine editor, he is a sought-after commentator on innovation and global competitiveness. Before taking his most recent position as a research fellow in MIT's Center for International Studies, Bob served as Editor in Chief of MIT's Technology Review, then a 10-times-a-year publication with a circulation of 315,000. Bob led the magazine to numerous editorial and design awards and oversaw its expansion into three foreign editions, electronic newsletters, and highly successful conferences. As BusinessWeek's technology editor, he shared in the 1992 National Magazine Award for The Quality Imperative. Bob is the author of four books about technology and innovation. Naval Innovation for the 21st Century (2013) is a post-Cold War account of the Office of Naval Research. Guanxi (2006) focuses on Microsoft's Beijing research lab as a metaphor for global competitiveness. Engines of Tomorrow (2000) describes the evolution of corporate research. The Invention That Changed the World (1996) covered a secret lab at MIT during WWII. Bob served on the Council on Competitiveness-sponsored National Innovation Initiative and is an advisor to the Draper Prize Nominating Committee. He has been a regular guest of CNBC's Strategy Session and has spoken about innovation at many venues, including the Business Council, Amazon, eBay, Google, IBM, and Microsoft.