This is big news for the Boston and MIT startup communities—and maybe for Silicon Valley tech observers too. Cambridge, MA-based ThingMagic said today its technology has been acquired by Trimble (NASDAQ: [[ticker:TRMB]]), a mobile and location tech firm based in Sunnyvale, CA. Terms of the deal weren’t given, and representatives from the companies weren’t immediately … Continue reading “ThingMagic Technology Bought by Location Firm Trimble—Terms and Future Unclear”
Author: Gregory T. Huang
MassChallenge Awards $1M to 16 Startups Across IT, Cleantech, Retail, and Healthcare (Also Some Words of Wisdom from Steve Case)
It was a packed house at the MassChallenge finals last night in Boston’s Seaport District. Business luminaries such as Desh Deshpande, Steve Case, Josh Boger, Brad Feld, and Greg Bialecki were in attendance. And Boston mayor Tom Menino kicked things off by emphasizing that, especially compared with other innovation clusters around the country, “what Boston … Continue reading “MassChallenge Awards $1M to 16 Startups Across IT, Cleantech, Retail, and Healthcare (Also Some Words of Wisdom from Steve Case)”
EMC’s Innovation Steward: CTO Jeff Nick Talks Company Strategy Amid Soaring Profits, Rumors of Big Acquisition
It has been a ridiculously busy week for EMC—and for everyone else, it seems. For starters, the Hopkinton, MA-based data storage giant (NYSE: [[ticker:EMC]]) announced record quarterly revenues for the third quarter of 2010. Yesterday the firm hosted its fourth annual innovation conference from its center in Cork, Ireland—which amounted to a company-wide session on … Continue reading “EMC’s Innovation Steward: CTO Jeff Nick Talks Company Strategy Amid Soaring Profits, Rumors of Big Acquisition”
Goby Grabs $2.5M More
Goby, a Boston event- and activity-based search engine startup, has raised $2.5 million in new venture financing from existing investors Kepha Partners and Flybridge Capital Partners. The news was reported today by TechCrunch, which also reports that Goby has raised a total of $7.5 million to date. Xconomy first wrote about Goby’s local-search approach to … Continue reading “Goby Grabs $2.5M More”
Turning “Black Silicon” Into Gold: SiOnyx Closes $12.5M from Bay Area and Seattle Firms, Goes After Image Sensor Market
Quick, name a semiconductor company in the Boston area that’s been getting lots of venture financing lately. OK, well, you already read the headline, so that one doesn’t count. My point is, there haven’t been too many of those—until today. SiOnyx is the Beverly, MA-based semiconductor materials company that is working on commercializing so-called “black … Continue reading “Turning “Black Silicon” Into Gold: SiOnyx Closes $12.5M from Bay Area and Seattle Firms, Goes After Image Sensor Market”
How’s Your Salary? Detroit Area Wages Still Down After Signs of Recovery
If you’re feeling squeezed by the recession, you’re obviously not alone. Since the bottom fell out of the economy in 2009, the Detroit metro area in particular has been struggling to regain its footing when it comes to jobs and wages. Now, after a promising start to 2010, things might be heading downhill again. That’s … Continue reading “How’s Your Salary? Detroit Area Wages Still Down After Signs of Recovery”
Clovr, With New Seed Funding, Looks to Bridge Gaps Between Banks, Advertisers, “Loyalty 2.0”
What do you get when you mix a digital media and marketing entrepreneur with a banking and real estate executive? Answer: Clovr Media, a Boston company that’s officially launching today with $1.5 million in seed funding from Kepha Partners and CommonAngels. Founded by Tom Burgess, the former CEO of Third Screen Media, and Doug Spear, … Continue reading “Clovr, With New Seed Funding, Looks to Bridge Gaps Between Banks, Advertisers, “Loyalty 2.0””
Dicerna, Actifio Headline Top 10 Third Quarter VC Deals in Massachusetts
[Corrected, 9:50 am. See below] The third quarter of 2010 has been in the books for a couple weeks. Time to look back at the top 10 venture capital financings for Boston-area companies from the past three months (July-September). The roundup comes courtesy of the MoneyTree Report, which is prepared each quarter by PricewaterhouseCoopers and … Continue reading “Dicerna, Actifio Headline Top 10 Third Quarter VC Deals in Massachusetts”
Borders, BookBrewer Team Up for E-Publishing
Ann Arbor, MI-based Borders Group (NYSE: [[ticker:BGP]]) said today it has formed a partnership with BookBrewer, a subsidiary of Colorado-based electronic publishing and distribution firm FeedBrewer, to provide an e-publishing service through Borders’ eBook store. Financial terms of the agreement weren’t disclosed. The paid service, which will be available on Oct. 25, will allow writers … Continue reading “Borders, BookBrewer Team Up for E-Publishing”
10 Takeaways from MassTLC’s UnConference
Overwhelming. Inspiring. Thought-provoking. These are all words that apply to the spectacle that was yesterday’s Mass Technology Leadership Council’s Innovation 2010 “unConference,” held at the World Trade Center Boston and organized by entrepreneur and investor Bill Warner, Matrix Partners’ Antonio Rodriguez, and MassTLC’s Tom Hopcroft. And one more word, ridiculous—that’s what it feels like to … Continue reading “10 Takeaways from MassTLC’s UnConference”
Spark Capital Raises $360M Fund
Score one for New England tech VCs. Boston-based venture firm Spark Capital said today it has raised a new $360 million fund to invest in Web and digital media startups. The news was first reported by the New York Times. Spark Capital focuses on early-stage investments in technology, media, and entertainment companies. Its portfolio includes … Continue reading “Spark Capital Raises $360M Fund”
Where, Peekaboo Mobile Team Up for Coupons
Boston-based startups Where and Peekaboo Mobile said today they have formed a partnership to provide location-based coupons to consumers via mobile phones. Financial terms of the partnership weren’t given, but Peekaboo will use Where’s location-based advertising network to extend its mobile coupon service to a larger sphere of consumers and local merchants. Peekaboo Mobile says … Continue reading “Where, Peekaboo Mobile Team Up for Coupons”
QuickHit Raises $2.5M More
Foxborough, MA-based Quick Hit, a maker of online football role-playing games, has closed $2.5 million in equity financing, according to a regulatory filing. The investors weren’t disclosed, but the company raised an $8 million Series B round in early 2009 from Valhalla Partners, TriplePoint Capital, and New Enterprise Associates. Xconomy first profiled Quick Hit in … Continue reading “QuickHit Raises $2.5M More”
Impinj, Riding Wave of RFID Resurgence, Looks to Double Sales, Add 20 Employees
As a reporter, you can tell when the innovation economy tide is turning, when a particular sector is rebounding, or when certain companies have turned the corner. How? Because all of a sudden CEOs want to talk on the record, PR people are your best friends, and marketing and real estate guys chat you up … Continue reading “Impinj, Riding Wave of RFID Resurgence, Looks to Double Sales, Add 20 Employees”
Beringea, Women’s Angel Fund, and Resonant Venture Partners: An Investor Roundup
It’s shaping up to be a busy week for Michigan venture capital and angel investment news. —Dexter, MI-based ReCellular, an electronic waste company focused on collecting and recycling mobile phones, cameras, and other devices, said yesterday it has received an investment from Beringea. The amount of financing was not disclosed, but it was made through … Continue reading “Beringea, Women’s Angel Fund, and Resonant Venture Partners: An Investor Roundup”
Architexa Grows Up at MassChallenge, Seeks to Help Developers “Understand” Complex Software
The MassChallenge global startup competition is in full swing. The 110 chosen companies have been pitching their wares over the past few days, trying to make the cut down to the 26 or so that will advance to the next round and compete for a piece of the $1 million prize. Architexa, a three-year-old company … Continue reading “Architexa Grows Up at MassChallenge, Seeks to Help Developers “Understand” Complex Software”
FashionPlaytes Raises $4M More, Goes for Billion-Dollar Customized Clothing Idea
Score another one for the “She-E-Os,” the Boston-area support network for female chief executives. And more specifically for Sarah McIlroy, a member of the group. McIlroy’s startup, Salem, MA-based FashionPlaytes, said today it has raised an additional $4 million, bringing its Series A round to $5.8 million. New investor Fairhaven Capital led the round and … Continue reading “FashionPlaytes Raises $4M More, Goes for Billion-Dollar Customized Clothing Idea”
NitroSecurity Nets $6M, Buys LogMatrix Business
Portsmouth, NH-based NitroSecurity said today it has closed $6 million in Series B financing led by existing investors Brookline Venture Partners, First Analysis, and NewSpring Ventures. The cybersecurity and event management software company also said it has acquired the security business of LogMatrix, a Marlborough, MA-based company focused on IT and network management. Financial terms … Continue reading “NitroSecurity Nets $6M, Buys LogMatrix Business”
Microsoft Invests in AppNexus
Redmond, WA-based Microsoft (NASDAQ: [[ticker:MSFT]]) has participated in a $50 million Series C investment round for AppNexus, a New York-based maker of display advertising software, according to a press release yesterday. Other investors in the round include Venrock, Kodiak Venture Partners, and First Round Capital. Microsoft is a longstanding customer of AppNexus, whose software lets … Continue reading “Microsoft Invests in AppNexus”
Black Duck Buys Ohloh
Waltham, MA-based Black Duck Software, an open source software firm, said yesterday it has acquired Ohloh.net from Geeknet (NASDAQ: [[ticker:GKNT]]). Financial terms weren’t given. Ohloh, founded in 2006, is a free public directory of open source software and hosts a Web community of software developers. Black Duck says it will maintain and enhance the Ohloh … Continue reading “Black Duck Buys Ohloh”
Crimson Hexagon Edges Forward in Social Media Analysis with Big Customers Like Bing
OK, I think both the Boston and Seattle tech communities should pay attention to this startup. Mostly because it overlaps with a number of local efforts on both coasts. But also because Microsoft’s Bing is involved. The three-year-old startup is Crimson Hexagon, based in Cambridge, MA, and it is the brainchild of Gary King, a … Continue reading “Crimson Hexagon Edges Forward in Social Media Analysis with Big Customers Like Bing”
Mimecast Expands in Boston Area, Taps E-mail Pioneer in Michigan to Drive Growth
Nathaniel Borenstein is a man you either love or hate. Or both. There’s nothing in between. If you have more than 24,000 unread e-mails in your inbox, like I do, you curse the day he was born, even if you enjoy being able to communicate with friends and business contacts in real-time, for free. Borenstein … Continue reading “Mimecast Expands in Boston Area, Taps E-mail Pioneer in Michigan to Drive Growth”
Exoskeletons In My Closet: What Raytheon’s Robotic Suit Really Means for the Field
Last week, Waltham, MA-based defense contractor Raytheon (NYSE: [[ticker:RTN]]) unveiled its latest prototype “exoskeleton.” This is a powered robotic suit that a soldier or worker could strap on in the field to enable them to load heavy equipment faster, carry supplies or munitions using less energy, or—let’s face it—just look ultra-cool. Raytheon said in a … Continue reading “Exoskeletons In My Closet: What Raytheon’s Robotic Suit Really Means for the Field”
Xconomy Boston’s Top 20 Stories of the Third Quarter: From A123 Expansion to Zynga Acquisition
The third quarter of 2010 is going out with a monsoon in New England. It seems like a good time to hole up indoors and look back at some of the top stories we’ve done at Xconomy Boston over the past three months. These are our editors’ picks. They aren’t necessarily the ones that got … Continue reading “Xconomy Boston’s Top 20 Stories of the Third Quarter: From A123 Expansion to Zynga Acquisition”
Sayagle Rolls Out Social Marketplace
Cambridge, MA-based Sayagle has launched today a new location-based social community and deals marketplace for consumers and local merchants in the Boston area. The site lets businesses provide daily deals and rewards, targeted mainly for students at local universities. Founder Ken Huang is a Boston University, Harvard, and MIT grad who previously co-founded WebNotes and … Continue reading “Sayagle Rolls Out Social Marketplace”
Harmonix CEO Alex Rigopulos Talks Rock Band 3, Entrepreneur Advice, and What’s Next for the Firm
After you’ve saved rock and roll, what do you do for an encore? OK, Harmonix Music Systems’ chief executive Alex Rigopulos might disagree with that premise, but it’s a valid question for his company. The answer, for now, seems to be Rock Band 3, the newest release in the hit videogame franchise, which will roll … Continue reading “Harmonix CEO Alex Rigopulos Talks Rock Band 3, Entrepreneur Advice, and What’s Next for the Firm”
Zappos CEO Tony Hsieh on Selling to Amazon Vs. Microsoft, Fixing His Biggest Mistakes, and Why Harvard Entrepreneurs Go West
What do Bill Gates, Mark Zuckerberg, and Tony Hsieh have in common? That’s right, they all went to Harvard. And they have all run billion-dollar companies. Unlike Bill G. and Zuck, though, Hsieh actually graduated, in 1995. The CEO of Zappos, the Las Vegas-based online shoe retailer now owned by Amazon.com, was in Boston yesterday … Continue reading “Zappos CEO Tony Hsieh on Selling to Amazon Vs. Microsoft, Fixing His Biggest Mistakes, and Why Harvard Entrepreneurs Go West”
Where Buys LocalGinger, Moves Into Location-Based Daily Deals
Two Massachusetts startups have joined forces to try to crack the location-based daily deals market. Boston-based Where, a mobile search and advertising company, said today it has acquired Newburyport, MA-based LocalGinger, an upstart in the online group-buying sector. Financial details of the stock and cash deal weren’t disclosed, but Where is gaining 10 employees from … Continue reading “Where Buys LocalGinger, Moves Into Location-Based Daily Deals”
Apperian Appoints New CEO, David Patrick, to Raise Money and Bring Mobile Apps to More Businesses
There’s some interesting personnel news today in the world of mobile software apps for companies. Boston-based Apperian, a mobile development and platform startup, says it has appointed a new CEO as of last week. He is David Patrick, a veteran of Lotus, Sun, Novell, and a number of cutting-edge tech startups on both coasts. He … Continue reading “Apperian Appoints New CEO, David Patrick, to Raise Money and Bring Mobile Apps to More Businesses”
TimeTrade Gets $5.6M to Expand in Sales and Marketing Appointment Software
TimeTrade, an appointment scheduling software company in Tewksbury, MA, said today it has closed a $5.6 million Series D financing round led by Ascent Venture Partners. CommonAngels and other existing investors also participated in the round, which includes $1.7 million in convertible notes issued in December 2009. TimeTrade said it will use the money to … Continue reading “TimeTrade Gets $5.6M to Expand in Sales and Marketing Appointment Software”
DataXu CEO Mike Baker on the Online Advertising Startup’s Move Into Mobile and Video
Things are evolving quickly over at DataXu. Six months after announcing a new $11 million round of venture financing, the Boston-based online advertising software firm has expanded its focus to help its corporate customers reach a wider swath of consumers wherever they are. Earlier this week, DataXu (pronounced “Data Zoo”) rolled out what it calls … Continue reading “DataXu CEO Mike Baker on the Online Advertising Startup’s Move Into Mobile and Video”
MocoSpace Gains $3.5M, Moves Further Into Mobile Social Gaming
Boston-based MocoSpace, a mobile social networking and entertainment startup, said today it has closed a $3.5 million financing round from SoftBank Capital. As part of the deal, SoftBank Capital’s founder and managing partner, Ron Fisher, is joining the MocoSpace board. The company’s previous investors include General Catalyst, Pilot Group, and angel investor Michael Dearing. MocoSpace … Continue reading “MocoSpace Gains $3.5M, Moves Further Into Mobile Social Gaming”
Forget the Facebook Movie; Here’s the TechStars Casting Call
All this talk about “The Social Network,” and Mark Zuckerberg this and that, got me thinking. What if they made a movie about a technology company that’s doing something really innovative now? A modest company that’s expanding nationally and helping to set the agenda and culture for a new generation of techie entrepreneurs…One with deep … Continue reading “Forget the Facebook Movie; Here’s the TechStars Casting Call”
RXi, EyeGate Team Up
RXi Pharmaceuticals (NASDAQ: [[ticker:RXII]]), a Worcester, MA-based developer of RNA interference treatments, said today it will collaborate with Waltham, MA-based EyeGate Pharma to deliver RNAi therapeutics to the eye for retinal disorders. Financial details weren’t given, but the partnership combines EyeGate’s expertise in delivering drugs into the eye non-invasively with RXi’s technology and resources in … Continue reading “RXi, EyeGate Team Up”
Ground Truth, Urban Airship Team Up with Verizon
Verizon Wireless announced today it is working with Seattle-based Ground Truth and Portland, OR-based Urban Airship (among other companies) to provide tools for the Verizon Developer Community. Financial details of the partnerships were not given. Ground Truth’s technology will help developers access aggregate data on demographics and mobile Web usage on their applications (for Android, … Continue reading “Ground Truth, Urban Airship Team Up with Verizon”
Boston Vs. Silicon Valley: Lawsuits Filed Against Adobe, Google, PacBio (Who’s Next?)
OK, four lawsuits filed in a month—all in the same direction—makes a trend. (Though two are from the same company.) September is shaping up to be the month of Boston versus Silicon Valley, when it comes to tech and life sciences companies trying to protect their intellectual property. —The news today is that Newton, MA-based … Continue reading “Boston Vs. Silicon Valley: Lawsuits Filed Against Adobe, Google, PacBio (Who’s Next?)”
Bonanza for Bonanzle: Startup Changes Name, Buys 1000Markets, Leads Social Commerce Wave
The Seattle-based online marketplace Bonanzle is on the move today. The company announced it has changed its name to Bonanza (it now uses Bonanza.com), and has acquired 1000Markets, an online community of marketplaces for niche products and artisan crafts, also based in Seattle. (See this blog post on the phase-out of 1000Markets.) Financial terms of … Continue reading “Bonanza for Bonanzle: Startup Changes Name, Buys 1000Markets, Leads Social Commerce Wave”
Laser Light Lands $13M for 3-D Cinema
Salem, NH-based Laser Light Engines, a maker of laser-driven light sources for 3-D and digital projectors, said today it has closed a $13 million Series B financing round from existing investors Braemar Energy Ventures and Harris & Harris Group, and from existing strategic partner IMAX. Laser Light, which is developing a custom light source for … Continue reading “Laser Light Lands $13M for 3-D Cinema”
ActiFio Adds $16M for Data Management
Waltham, MA-based ActiFio, a data management software startup, has raised $16 million from undisclosed investors, according to a regulatory filing. Bob Hower, general partner at Advanced Technology Ventures, is listed on the form as a director, and the Boston Business Journal has confirmed that ATV is a new investor in the company. Earlier this year, … Continue reading “ActiFio Adds $16M for Data Management”
Netezza Sold to IBM for $1.7B, Will Help Big Blue Tackle Big Data
The hits keep coming for IBM in Massachusetts—and this one is a biggie. The company (NYSE: [[ticker:IBM]]) announced this morning it plans to acquire Marlborough, MA-based Netezza (NYSE: [[ticker:NZ]]), the business analytics and data warehousing firm, for about $1.7 billion in cash. It will be Big Blue’s 18th acquisition of a company based in the … Continue reading “Netezza Sold to IBM for $1.7B, Will Help Big Blue Tackle Big Data”
IBM’s Software Acquisition Strategy in Massachusetts (Plus Tips on Getting Acquired) From VP Mike Loria
If you looked at a map of IBM’s local operations and software acquisitions—17 in Massachusetts since 2003, out of a total of 60 worldwide—you might think the company’s headquarters was in Massachusetts, not New York. Between its recently opened Mass Lab in Littleton and Westford, MA (the firm’s biggest software development lab in North America), … Continue reading “IBM’s Software Acquisition Strategy in Massachusetts (Plus Tips on Getting Acquired) From VP Mike Loria”
What We Can Learn from the Flight of Microsoft Execs to Amazon, AOL, GM, Nokia, Yahoo…and Micro VC
Sometimes all you need to do is look at where former Microsoft executives are going, to piece together some interesting trends in the tech industry. In recent months, a number of high-profile leaders from very different divisions of the Redmond, WA-based software firm (NASDAQ: [[ticker:MSFT]]) have departed. This might be true in any given year … Continue reading “What We Can Learn from the Flight of Microsoft Execs to Amazon, AOL, GM, Nokia, Yahoo…and Micro VC”
A Closer Look at IBM’s Recent Massachusetts Acquisitions—Some Trends and Analysis
Yesterday, IBM announced it is acquiring Waltham, MA-based OpenPages, a corporate governance, risk, and compliance software company. That’s an interesting story in itself, but it’s also part of a prominent business trend that has major impact on the New England software and computing ecosystem. OpenPages is IBM’s 17th acquisition of a company based in Massachusetts … Continue reading “A Closer Look at IBM’s Recent Massachusetts Acquisitions—Some Trends and Analysis”
IBM Buys OpenPages, 17th Massachusetts Acquisition Since 2003
Waltham, MA-based OpenPages, a maker of business software for managing corporate risk and compliance activities, is being acquired by IBM for an undisclosed sum. Armonk, NY-based IBM announced the news in a press release this morning. Once the acquisition closes, IBM (NYSE: [[ticker:IBM]]) says it will integrate OpenPages into its Business Analytics software portfolio. This … Continue reading “IBM Buys OpenPages, 17th Massachusetts Acquisition Since 2003”
Play140 Looks Into the Future of Social Gaming, Sees the Past (Text-Based Games)
The grand ballroom of the Royal Sonesta hotel in Cambridge, MA, was jam-packed last night and had a collective energy that I haven’t felt in a long time. Hundreds of people were on hand for the Web Innovators Group meeting, organized by venture capitalist David Beisel (formerly of Venrock, now with NextView Ventures). I had … Continue reading “Play140 Looks Into the Future of Social Gaming, Sees the Past (Text-Based Games)”
Joule Gets Biofuel Bacteria Patent
Cambridge, MA-based Joule Unlimited, a biofuels technology company, announced today it has been granted a U.S. patent for an engineered bacterium that produces liquid hydrocarbon fuels from sunlight and carbon dioxide. The company says it is the first to patent a direct, single-step, continuous process (based on photosynthesis) for producing hydrocarbon fuels without using raw … Continue reading “Joule Gets Biofuel Bacteria Patent”
Winshuttle Goes from Bootstrapped to World Beater With $12M (First Financing Round)
Bothell, WA-based Winshuttle said today it has raised $12 million in growth equity financing from Summit Partners. It’s big news for the business software company, which hasn’t taken outside financing until now. Winshuttle, which has been one of the fastest-growing private companies in the U.S. over the last few years, bootstrapped its way to profitability … Continue reading “Winshuttle Goes from Bootstrapped to World Beater With $12M (First Financing Round)”
Punchbowl Changes Domain Name, Looks to Prevail in Tough Climate for Parties
Here’s an interesting snapshot of a lean, consumer-oriented Internet startup that has survived the recession so far—and is looking to take its business to a new level. Framingham, MA-based Punchbowl Software, an online party-planning company, said today it has surpassed one million registered users as of a few weeks ago. That number includes senders and … Continue reading “Punchbowl Changes Domain Name, Looks to Prevail in Tough Climate for Parties”
A123 Opens Lithium Ion Battery Plant in Michigan, Wants to Create Global Hub for Electric Vehicles
Big companies put on dog-and-pony shows for government officials all the time, but this one actually means something. A123Systems (NASDAQ: [[ticker:AONE]]), based in the Boston area, is officially opening a 291,000-square-foot lithium ion battery manufacturing facility in Livonia, MI, today. The plant already employs more than 300 people, and is part of a Michigan expansion … Continue reading “A123 Opens Lithium Ion Battery Plant in Michigan, Wants to Create Global Hub for Electric Vehicles”
Google’s Street View “Trike” at Faneuil Hall Today: Q&A with Digital Imaging Mastermind Luc Vincent
If you’re in the Faneuil Hall area of Boston today, look out for the trike. That would be the Google Street View Trike, a pedicab-like contraption mounted with a camera and computer equipment. It’s meant to capture 360-degree, street-level images of places where Google’s fleet of Street View cars can’t go—pedestrian malls, university campuses, parks, … Continue reading “Google’s Street View “Trike” at Faneuil Hall Today: Q&A with Digital Imaging Mastermind Luc Vincent”