N-n-n-n-n, n-, n-, n-, n-n-n-n-n-nineteen. Anyone remember that song from the golden age of music and movies? In any case, IBM has made its 19th acquisition of a Massachusetts software company since 2003. Today Big Blue (NYSE: [[ticker:IBM]]) announced it is acquiring Waltham, MA-based Q1 Labs, a 10-year-old security software firm that helps businesses see … Continue reading “IBM Acquires Q1 Labs, Forms New Division Around Software Security”
Author: Gregory T. Huang
From Atrium to Zettapoint: New England Firms Swept Up by Getinge, EMC, and HuffPo
Here a merger, there a merger, everywhere a merger merger… Some small, medium, and large acquisition news today around New England. —Localocracy, a Boston-based online town common and community platform, has been acquired by the Huffington Post Media Group and will join the AOL (NYSE: [[ticker:AOL]]) content unit. The news was first reported by All … Continue reading “From Atrium to Zettapoint: New England Firms Swept Up by Getinge, EMC, and HuffPo”
Three Companies to Watch: BetterLesson, Wikets, and PeerApp Raise Funds
On a dismal day in Boston, here are a few tech-related company financings worth mentioning (one in mobile/social, one in video, and one in education): —BetterLesson, a Cambridge, MA-based startup that helps teachers organize and share lesson plans and curricula online, has closed a new $1.6 million financing round from Highland Capital Partners, General Catalyst … Continue reading “Three Companies to Watch: BetterLesson, Wikets, and PeerApp Raise Funds”
The Polaris Express: Dogpatch Labs Says Goodbye Pier 38, Hello Palo Alto and Dublin
It’s official: Waltham, MA-based Polaris Venture Partners is announcing a couple of moves related to its network of Dogpatch Labs startup incubators. One bit of news involves the fate of the original Dogpatch in San Francisco. The other piece is about a brand new (and long-awaited) international site that is opening today. (Dogpatch Labs already … Continue reading “The Polaris Express: Dogpatch Labs Says Goodbye Pier 38, Hello Palo Alto and Dublin”
Netezza CEO Jim Baum Out at IBM, On to New “Non-Competitive” Venture
Former Netezza chief executive Jim Baum has left IBM, Xconomy has learned. Baum was the CEO of Marlborough, MA-based Netezza since early 2009 and oversaw the “big data” analytics company’s $1.7 billion acquisition by IBM almost exactly a year ago. Baum was not reachable for comment, but a spokesperson for IBM (NYSE: [[ticker:IBM]]) confirmed that … Continue reading “Netezza CEO Jim Baum Out at IBM, On to New “Non-Competitive” Venture”
CustomMade, With New Bucks Under Its Belt, Revamps Online Model for Customization
First of all, please don’t call CustomMade a “mass customization” startup. That phrase refers to the cluster of companies, many of them in the Boston area, that specialize in offering consumers personalized goods online—everything from clothing to jewelry to artwork. No, CustomMade is different. At least that’s what co-founder and CEO Mike Salguero would have … Continue reading “CustomMade, With New Bucks Under Its Belt, Revamps Online Model for Customization”
Affectiva Opens Silicon Valley Office, Tracks Consumers’ Emotions Via Webcam
A Boston-area tech startup with a pretty bold vision is announcing its expansion to Silicon Valley today. Waltham, MA-based Affectiva, an MIT Media Lab spinout, is opening an office in Santa Clara, CA, where its CEO Dave Berman is based, along with other key members of the team. Affectiva, which has about 25 employees (most … Continue reading “Affectiva Opens Silicon Valley Office, Tracks Consumers’ Emotions Via Webcam”
Sequoia Capital’s Greg McAdoo on Consumer Web and Cleantech Trends, Boston Vs. New York, and Recruiting at MIT
Is there anything worse than a Silicon Valley VC coming to Boston to poach talent from the startup ecosystem? OK, that’s not really what Greg McAdoo is about. The Sequoia Capital partner was in town last weekend, in part for the Startup Bootcamp event at MIT (and related meetups), which featured talks by a number … Continue reading “Sequoia Capital’s Greg McAdoo on Consumer Web and Cleantech Trends, Boston Vs. New York, and Recruiting at MIT”
Xconomy Venture Chat on Monday: VCs Duke It Out, Startups Burst (Just a Few Tickets Left…)
We’re gearing up for our first Boston event of the fall: a chat with some prominent venture capitalists around the theme of “Consumers, the Cloud, and Beyond—New Rules for Innovation.” It’s happening this Monday from 6:00-8:00 pm in downtown Boston. We have just a few tickets left, so get yours today… I know what you’re … Continue reading “Xconomy Venture Chat on Monday: VCs Duke It Out, Startups Burst (Just a Few Tickets Left…)”
Visible Measures Sees $13M Series D, Goes After Social Video Advertising
What the heck is social video analytics and advertising? Whatever it is, Visible Measures has closed a Series D financing round worth $13 million, based on the strength of its software platform in that field. The Boston company, which started in 2005, has raised a total of more than $45 million to date. DAG Ventures … Continue reading “Visible Measures Sees $13M Series D, Goes After Social Video Advertising”
Sabet and Wilson Out at Twitter, Hirshland Out at Polaris, & More VC Comings and Goings
Catching up on an eventful week in Boston- and San Francisco-area venture capital personnel moves… —Bijan Sabet of Spark Capital and Fred Wilson of Union Square Ventures are leaving the board of Twitter at the end of this month. Sabet and Wilson were early investors in the social-media giant, and there has been plenty of … Continue reading “Sabet and Wilson Out at Twitter, Hirshland Out at Polaris, & More VC Comings and Goings”
TechStars Raises $24M More, Offers Each Startup $100K; Founder David Cohen Talks “Quality Over Quantity”
The early-stage tech accelerator business just got even more competitive. Boulder, CO-based TechStars, which runs seed-stage mentorship programs for startups in Boulder, Boston, Seattle, and New York, announced today it has raised a new $24 million fund from a long list of investors that includes Foundry Group, IA Ventures, Avalon Ventures, DFJ Mercury, SoftBank Capital, … Continue reading “TechStars Raises $24M More, Offers Each Startup $100K; Founder David Cohen Talks “Quality Over Quantity””
CustomMade, Hopper, OfficeDrop, Yottaa Join Xconomy’s Venture Chat on Sep. 26
We’re gearing up for a very interesting panel discussion next Monday, September 26, in downtown Boston. And the program just got even more interesting. Xconomy is organizing a venture chat around the theme of “Consumers, the Cloud, and Beyond—New Rules for Innovation,” which will tackle hard questions about what entrepreneurs and investors need to think … Continue reading “CustomMade, Hopper, OfficeDrop, Yottaa Join Xconomy’s Venture Chat on Sep. 26”
Five Take-Home Messages from the FutureM Conference
Between the FutureM conference, Web Innovators Group, Mobile Monday, the Entrepreneur Walk of Fame, and the MIT tech festival t=0, there wasn’t a lot of time for Boston techies to breathe last week. To keep you up to date, here are some high-level takeaways from FutureM, the sprawling MITX event that was really 50-plus separate … Continue reading “Five Take-Home Messages from the FutureM Conference”
Mascoma, Biofuels Maker Backed by Big VCs, Files for IPO
Big news today in New England cleantech—a sector that could certainly use some positive developments. Lebanon, NH-based Mascoma, a biofuels firm that plans to break ground on a cellulosic ethanol plant in Michigan later this year, has filed for an initial public offering. In its SEC filing, Mascoma says it intends to sell up to … Continue reading “Mascoma, Biofuels Maker Backed by Big VCs, Files for IPO”
Entrepreneur Walk of Fame Opens in Kendall Square: Gates, Jobs, Kapor, Hewlett, Packard, Swanson, and Edison are Inaugural Inductees
It was a little over a year ago that Xconomy broke the news that a movement was underway to bring an Entrepreneur Walk of Fame to Kendall Square in Cambridge, MA, modeled after its Hollywood namesake. The idea makes a lot of sense: If we celebrate movie stars and athletes, why not the top innovators … Continue reading “Entrepreneur Walk of Fame Opens in Kendall Square: Gates, Jobs, Kapor, Hewlett, Packard, Swanson, and Edison are Inaugural Inductees”
Xconomist of the Week: Reed Sturtevant of Lotus, Idealab, and Microsoft Fame Talks Tech Trends to Watch
You know the type. He’s at every tech startup event, every investor event, and every incubator and early-stage mentorship session (at least every good one). He’s talked to every entrepreneur in the area and has had a hand in the development of many of their companies. He has been a fixture of the local software … Continue reading “Xconomist of the Week: Reed Sturtevant of Lotus, Idealab, and Microsoft Fame Talks Tech Trends to Watch”
California Dreamin’: TalkTo, Tasted Menu, Bluefin Robotics, and Burst Media Make Bicoastal Noise
[Updated 9/20/11. See below] The Silicon Valley vs. Boston tech scene discussion is a tired one, I know. But today we’ve seen a number of Boston-area companies make a splash with some significance to the San Francisco Bay Area. Here we go with the highlights: —Burst Media, the Burlington, MA-based online ad distributor now owned … Continue reading “California Dreamin’: TalkTo, Tasted Menu, Bluefin Robotics, and Burst Media Make Bicoastal Noise”
CEO Transitions at Boston-Power and Boston Scientific: Schmid Out at Battery Firm, Mahoney In at BSX
Interesting day for a couple of companies whose names start with “Boston.” Who’s next, Boston Dynamics? Boston Harbor Cruises? Maybe the Boston Red Sox. —Westborough, MA-based Boston-Power, a developer of advanced lithium-ion battery technology, saw three top executives leave last Friday, including CEO Keith Schmid. The news was first reported by Mass High Tech this … Continue reading “CEO Transitions at Boston-Power and Boston Scientific: Schmid Out at Battery Firm, Mahoney In at BSX”
Punchbowl, Priceline, and the Post Office: Some Consumer Tech News Around New England
When last we checked with Matt Douglas of Punchbowl, a Framingham, MA, startup known for its party-planning software, he was taking a bloggy swing at Seth Priebatsch of SCVNGR fame. Now he has set his sights on the greeting card industry and the U.S. Postal Service. Yes, with his startup’s latest product—a way for people … Continue reading “Punchbowl, Priceline, and the Post Office: Some Consumer Tech News Around New England”
TeraDiode, Laser Spinout from MIT Lincoln Lab, Beams Up New CEO
Some big changes are afoot at an interesting Boston-area laser startup. TeraDiode, a Littleton, MA-based maker of laser systems for cutting, welding, and defense applications, said today it has named Parviz Tayebati the company’s new CEO and board member. Tayebati, the former chief executive of telecom laser company Azna and photonics firm CoreTek, succeeds TeraDiode’s … Continue reading “TeraDiode, Laser Spinout from MIT Lincoln Lab, Beams Up New CEO”
Bluefin Labs, Named After a Sushi Bar, Tracks Social Media Around “Every Show on TV”
Deb Roy doesn’t strike me as a Jersey Shore kind of guy. Yet he can tell me exactly what viewers are saying about the estimable Deena Cortese during any episode, or how many people are annoyed by Mike “The Situation” Sorrentino and are tweeting about him (no, I haven’t been—too busy getting my GTL). I’ll … Continue reading “Bluefin Labs, Named After a Sushi Bar, Tracks Social Media Around “Every Show on TV””
BuyWithMe Buys Daily-Deals Site TownHog, Its Sixth Purchase of 2011
BuyWithMe, the New York- and Boston-based local deals startup, said today it has acquired TownHog, a San Francisco-based daily deals site owned by Dotblu. Terms of the deal weren’t disclosed. This is the sixth acquisition of the year for BuyWithMe, continuing a trend of consolidation in the local deals sector. Last month, CEO Jim Crowley … Continue reading “BuyWithMe Buys Daily-Deals Site TownHog, Its Sixth Purchase of 2011”
Take the Interview Takes In $775K for Job Screening Via Video
Score one for video-based recruiting and marketing. (Yes, there are a lot of startups in this sector, plus Skype and Google.) Cambridge, MA-based Take the Interview has closed $775,000 in seed funding this week from angel investors, as well as partners and limited partners of DreamIt Ventures, the startup incubator in New York City in … Continue reading “Take the Interview Takes In $775K for Job Screening Via Video”
Betaspring Unveils 11 New Startups from 2011 Summer Program at Demo Day
[Updated 3:00pm, see below] Providence, RI-based Betaspring, a seed-stage accelerator program in its third year, is holding its Investor Demo Day down in the Ocean State today. Eleven young startups, between three months and a year old, are presenting to an audience of venture capitalists, angel investors, entrepreneurs, and media. Looks like most (if not … Continue reading “Betaspring Unveils 11 New Startups from 2011 Summer Program at Demo Day”
Flexible Electronics Startup MC10 Adds $2.25M from Windham
Cambridge, MA-based MC10, a startup that designs stretchy, bendy electronics for various applications, said today it has completed its Series B financing with an additional $2.25 million from New York-based Windham Venture Partners. That brings the total round to $14.75 million, with North Bridge Venture Partners and Braemar Energy Ventures having previously invested. Windham is … Continue reading “Flexible Electronics Startup MC10 Adds $2.25M from Windham”
Tech Prom, Time Management, and the Future of Marketing: Q&A with Dave Balter
The best way to get to know Dave Balter is over a beer. The founder and CEO of Boston-based marketing firm BzzAgent (now part of U.K.-based Dunnhumby/Tesco) is known for speaking his mind, but over a beer it’s even better. I’m not sure what he was drinking when he replied to my e-mail yesterday as he … Continue reading “Tech Prom, Time Management, and the Future of Marketing: Q&A with Dave Balter”
Goby Bought by TeleNav; Watkins and Team to Keep Working on Location-Based Content
Another Boston-area software startup has been snapped up by a West Coast power. Sunnyvale, CA-based TeleNav (NASDAQ: [[ticker:TNAV]]), a location-based services firm, said today it has completed an acquisition of Boston-based Goby, a local and travel search startup that has recently focused on mobile apps. Terms of the deal weren’t given. (The news was buried … Continue reading “Goby Bought by TeleNav; Watkins and Team to Keep Working on Location-Based Content”
Harvest Power, Waste-to-Energy Startup with Big Investors, Buys Coastal Supply
It’s not often that soil and mulch makes the front page of Xconomy. But this is Harvest Power we’re talking about. The Waltham, MA-based cleantech company, which has operations in Seattle and Vancouver, BC, said today it has acquired Coastal Supply, a Delaware-based soil and mulch manufacturer. Terms of the deal weren’t disclosed. But Harvest … Continue reading “Harvest Power, Waste-to-Energy Startup with Big Investors, Buys Coastal Supply”
Extreme Reach, Profitable and Growing Fast, Looks to Go Big with New Financing
Extreme Reach is going through some extreme growth—and it’s about to get very interesting, very fast. The Needham, MA-based video-ad distribution startup is rumored to be raising a large investment round, one that could fuel its rise to become one of the Boston area’s top software startups. OK, advertising tech companies can be deadly boring … Continue reading “Extreme Reach, Profitable and Growing Fast, Looks to Go Big with New Financing”
Who’s Hiring, Who’s Starting, and Who’s Dead: A Pre-Labor Day Roundup of Tech Tidbits
Here in Boston, September 1st brings about quite a bit of change: students migrating back into town, moving trucks and furniture in the streets, and street cleaners around my office (all cutting down on parking options, sorry to say). We’ve weathered Tropical Storm Irene and a roller-coaster stock market, felt the mild rumblings of an … Continue reading “Who’s Hiring, Who’s Starting, and Who’s Dead: A Pre-Labor Day Roundup of Tech Tidbits”
From Apps to Tools: Mobile Developer Raizlabs Gets Into the Platform Business with AppBlade
The world of mobile software applications has evolved so rapidly in the past couple of years, it will make your head spin. One guy whose head isn’t spinning, though, is mobile-app veteran Greg Raiz. In fact, he is probably doing the spinning for everyone else. Raiz is the founder and CEO of (aptly named) Raizlabs, … Continue reading “From Apps to Tools: Mobile Developer Raizlabs Gets Into the Platform Business with AppBlade”
Amnis to Be Acquired by EMD Millipore of Merck KGaA
Some news from the world of life sciences equipment makers today. EMD Millipore, the Billerica, MA-based subsidiary of German pharmaceutical and chemical giant Merck KGaA, has agreed to acquire Seattle-based Amnis for an undisclosed sum. The deal is expected to close in the fourth quarter of this year. Millipore was bought by Merck KGaA for … Continue reading “Amnis to Be Acquired by EMD Millipore of Merck KGaA”
E La Carte Orders Up $4M More for Restaurant Tech
Boston-to-Silicon Valley transplant E la Carte has raised $4 million in new funding, according to a report in TechCrunch. The round was led by Lightbank. The startup previously raised more than $1 million in angel capital from investors including John Landry, Roy Rodenstein, Dave Balter, Dave McClure, Joshua Schachter, and Paul Buchheit. E la Carte, … Continue reading “E La Carte Orders Up $4M More for Restaurant Tech”
Anti-Lean Startup: Yottaa Yearns for Big, Fast Growth by Hiring Global Workforce
Lean startup, schmean startup. There’s more than one way to build a Web company. Just ask Coach Wei, the founder and CEO of Yottaa, a two-year-old tech startup in Cambridge, MA. Yottaa (pronounced sort of like the green Jedi master) makes software tools to help business websites run faster, monitor their performance, and generate sales … Continue reading “Anti-Lean Startup: Yottaa Yearns for Big, Fast Growth by Hiring Global Workforce”
Verizon’s Software Beachhead in Boston: The Story Behind CloudSwitch and Terremark
OK, I had to ask: Did Ellen Rubin tell Amazon’s Jeff Bezos to piss off? “No comment,” says Rubin, with a laugh. We were talking about her startup, Burlington, MA-based CloudSwitch, getting bought by Verizon (NYSE: [[ticker:VZ]]) yesterday for an undisclosed sum—and being integrated into the New York City telecom giant’s Terremark division. It turns … Continue reading “Verizon’s Software Beachhead in Boston: The Story Behind CloudSwitch and Terremark”
CloudSwitch Bought by Verizon as Wireless Giant Moves Into the Cloud
Some interesting news in the world of startups and big cloud providers today. Verizon Communications announced it has acquired CloudSwitch, a Burlington, MA-based software startup, for an undisclosed price. CloudSwitch will be combined with Verizon’s Terremark IT services division, the company said, as it tries to take a “step forward in defining the enterprise cloud.” … Continue reading “CloudSwitch Bought by Verizon as Wireless Giant Moves Into the Cloud”
From Estonia to Boston: GrabCAD Looks to Play Big Role in New England’s Tech Future
There’s something about Estonia. Maybe it’s the Skype phenomenon—the Estonian-born company (now part of Microsoft) certainly helped create a strong culture of engineering there. But the Baltic nation of 1.4 million seems to have a greater concentration of engineers and technical talent than almost anyplace else. That’s probably an exaggeration, but at least one recent … Continue reading “From Estonia to Boston: GrabCAD Looks to Play Big Role in New England’s Tech Future”
Hopper, With $8M in New VC Bucks, Looks to Leapfrog Online Travel Search Via Big Data
In Baltimore, a “hopper” is a young, street-level drug dealer (as devotees of The Wire can tell you). In Montreal, Hopper is a young travel search company. In Boston, well, we’ll see what happens in Boston. Hopper is announcing today an $8 million financing round led by Atlas Venture, with previous investor Brightspark Ventures also … Continue reading “Hopper, With $8M in New VC Bucks, Looks to Leapfrog Online Travel Search Via Big Data”
HubSpot Absorbs Oneforty in Latest Boston Area Social Marketing Acquisition
Leave it to two of the most talked-about social media and marketing companies in town to orchestrate this bit of news to maximum effect. HubSpot is announcing this afternoon that it has acquired Oneforty, in a press release that is written in easy-to-tweet form. What is not easy to gauge is the size of the … Continue reading “HubSpot Absorbs Oneforty in Latest Boston Area Social Marketing Acquisition”
BuyWithMe CEO Jim Crowley Talks Strategy in Mobile, Payments, and Loyalty 2.0
There may be no such thing as loyalty anymore. But there is something called Loyalty 2.0—this is a new wave of companies helping stores and restaurants offer things like digital coupons, deals, and rewards to repeat customers. And a lot of Boston and New York startups are getting in on the trend. One of them … Continue reading “BuyWithMe CEO Jim Crowley Talks Strategy in Mobile, Payments, and Loyalty 2.0”
MobiFlex, With Rebranding, Tries to Change How Businesses Make Mobile Apps (No Coding)
You can tell a sub-industry has really taken off when you see startups appearing out of nowhere to go after it. I’m talking about mobile apps for businesses. And Wellesley, MA-based MobiFlex, while not quite coming out of nowhere, has emerged on the scene with an interesting approach. The startup, not quite a year old, … Continue reading “MobiFlex, With Rebranding, Tries to Change How Businesses Make Mobile Apps (No Coding)”
Zen and the Art of Motorcycle Monsoon Maintenance: Roof For Two Goes After Indian Market
If you see a couple of guys riding around on a motorcycle with a weird contraption over their heads, don’t worry, it’s not the latest fraternity hazing ritual. You might have caught a glimpse of a local startup testing out what could be a very global product. Especially if it’s raining. Boston-based Roof For Two … Continue reading “Zen and the Art of Motorcycle Monsoon Maintenance: Roof For Two Goes After Indian Market”
American Superconductor Cuts Staff, Scrambles to Get Finances on Track
It has been a rough spring and summer for American Superconductor. The Devens, MA-based energy tech company (NASDAQ: [[ticker:AMSC]]) said today it has cut 30 percent of its workforce, about 150 positions, since March 31 and expects to employ nearly 600 people worldwide after the cuts. The firm also said it expects to submit a … Continue reading “American Superconductor Cuts Staff, Scrambles to Get Finances on Track”
Harvard Accelerator Program, Proving Its Mettle with Startups and Pharma Partnerships, Looks to Raise Big New Fund
Here in Boston, we like to tout our universities, our faculty, our students. The academic community is one of the crowning strengths of the New England economy, not to mention a major driver of its global impact. But what have universities done for the local startup and business innovation community lately? I’m not going to … Continue reading “Harvard Accelerator Program, Proving Its Mettle with Startups and Pharma Partnerships, Looks to Raise Big New Fund”
HubSpot Board Swaps In Simon for Goodman, Levin Joins MTDC, & More Tech Personnel Moves
Lots of comings and goings in the Boston technology scene in the past week. Here’s a sampling of notable high-level moves: —Michael Simon, founder and CEO of LogMeIn (NASDAQ: [[ticker:LOGM]]), has joined the board of Cambridge, MA-based HubSpot, the marketing tech company. Simon replaces former (and longtime) HubSpot board member Gail Goodman, the CEO of … Continue reading “HubSpot Board Swaps In Simon for Goodman, Levin Joins MTDC, & More Tech Personnel Moves”
Carbonite Expected to Go Through With Smaller IPO; Venture Investors See Upside
[Updated 8/10/11 5:50 pm. See below.] What’s happening with Carbonite’s IPO? The Boston-based online data backup firm is dealing with an extremely volatile stock market this week—as are a bunch of other U.S. companies trying to go public. But it’s looking like Carbonite’s initial public offering could go through tomorrow at a much reduced price, with … Continue reading “Carbonite Expected to Go Through With Smaller IPO; Venture Investors See Upside”
T2 Biosystems Closes $23M More for Fast, Cheap Diagnostic Tools
Some interesting funding news in the biotech world today. Lexington, MA-based T2 Biosystems, a diagnostics technology firm, says it has closed a $23 million Series D financing round led by new investor Aisling Capital. The round also included previous investors Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners, Physic Ventures, Partners Healthcare, Arcus Ventures, RA … Continue reading “T2 Biosystems Closes $23M More for Fast, Cheap Diagnostic Tools”
OfficeDrop Sees Nuance Partnership Pay Off, Looks for More Deals in Digital Filing, Sharing
A local tech startup that has been toiling away for four years saw its first partnership with a big company come to fruition last week—and it could be a sign of bigger things to come. Back in February, Cambridge, MA-based OfficeDrop, a digital filing software company, inked a deal with Nuance Communications (NASDAQ: [[ticker:NUAN]]), the … Continue reading “OfficeDrop Sees Nuance Partnership Pay Off, Looks for More Deals in Digital Filing, Sharing”
Which Boston VCs Are Raising New Funds? General Catalyst, Kepha Partners, and More
Maybe the better question is who isn’t raising a new fund? Venture fundraising seems to be picking up around town after a bleak couple of years. At least for a few prominent VC firms. We reported back in March that Bessemer, Greylock, and Summit Partners were on the fundraising trail, and now all of them … Continue reading “Which Boston VCs Are Raising New Funds? General Catalyst, Kepha Partners, and More”