EveryScape and Bing Expand Partnership, Raytheon Acquires Applied Signal, Avila Inks Sanofi Deal, & More Boston-Area Deals News

A flurry of pre-holiday announcements of fundings, partnerships, and acquisitions from Boston-area tech and life sciences companies has kept us busy in the past week.

—Cambridge, MA-based car-sharing service Zipcar added a $21 million Series G financing to its funding pot. The deal involved a $20 million investment from Meritech Capital Partners, and $1 million from Pinnacle Ventures. The company also announced it was making two new additions to its board: AOL co-founder and former CEO and chairman Steve Case, and John Mahoney, vice chairman and CFO of Framingham, MA-based Staples.

—Newton, MA-based EveryScape nabbed a partnership deal with Microsoft’s Bing Search Engine, using its technology to deliver “immersive imagery” across Bing’s local search results. EveryScape creates 3-D panoramic tours of restaurants and other businesses by stitching together photos of their interiors. The new deal expands a previous agreement in which EveryScape created 3-D tours for Boston-area restaurants on Bing. Financial terms for the deal were undisclosed, and EveryScape didn’t reveal whether it will receive technology licensing fees and/or a cut of advertising revenues.

—HeartWare International (NASDAQ: [[ticker:HTWR]]), a Framingham, MA-based maker of heart pump implants, announced it had raised $143.8 million in a public offering of convertible notes due in 2017.

—1366 Technologies of Lexington, MA, added $6 million to its Series B financing. The newest cash brings the second-round financing for 1366, a developer of silicon wafer technology, to $26 million.

—Waltham, MA-based diagnostics firm BG Medicine backed out of its second attempt at going public, withdrawing its filing for a $4.75-million-share initial public offering with a targeted price range of $13 to $15 per share.

—LiveWire Mobile, a Littleton, MA-based provider of music services and apps for the mobile, bought FoneStarz Media Group, a British provider

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.