Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5c3f629d-888d-4c41-bfc1-77ac6733df4a&Preview=1 Date 8/3/2010 Company Name VisEn Medical Mailing Address 45 Wiggins Avenue Bedford, MA 01730 Company Description Founded in 2000 based on technologies developed at the Center for Molecular Imaging Research at the Massachusetts General Hospital, VisEn Medical is developing today’s leading molecular imaging product platforms. Website http://www.visenmedical.com Transaction Type M&A Transaction … Continue reading “PerkinElmer Acquires VisEn Medical for Undisclosed Sum”
Category: Boston
Reveal Imaging, Makers of Airport Screening Technologies, Sold to SAIC
There’s some news on the homeland security front today. Reveal Imaging Technologies, based in Bedford, MA, said it is being acquired by SAIC, the McLean, VA-based government contractor giant also known as Science Applications International Corporation (NYSE: [[ticker:SAI]]). Financial terms of the deal weren’t released, but the acquisition is expected to close by the end … Continue reading “Reveal Imaging, Makers of Airport Screening Technologies, Sold to SAIC”
Boston-Power Boosts Round to $66.4M
Boston-Power, the Westborough, MA-based maker of advanced lithium-ion batteries, has increased its Series E funding round from $60 million to $66.4 million, according to a regulatory filing. In June, the firm revealed that existing investors Foundation Asset Management and Oak Investment Partners both led the round, which included investments from previous backers Venrock Associates and … Continue reading “Boston-Power Boosts Round to $66.4M”
Avedro Raises $4.6M for Vision Correction Technology
Things appear to be heating up at Avedro. The Waltham, MA-based startup, which is developing a system that uses thermal energy to correct vision, has raised $4.6 million out of a proposed $5 million in an equity, debt, and rights financing, according to an SEC filing. David Muller, the CEO of Avedro, said in an … Continue reading “Avedro Raises $4.6M for Vision Correction Technology”
How HTML5 Can Make You Happy
Come find out if this event lives up to its title. Sponsored by Boston PHP, the evening meetup will showcase the emerging web standard that is HTML5, teaching the tricks and dispelling myths. Sign up here.
SV Life Sciences, Fresh from Closing $523M New Fund, Looking at Health IT Deals
While many venture firms are struggling in the aftermath of the Great Recession, there are a few outfits with plenty of capital to invest. SV Life Sciences, which has operations in Boston and the Bay Area, is one of those few. Last month the firm closed one of the year’s largest healthcare-focused venture funds, its … Continue reading “SV Life Sciences, Fresh from Closing $523M New Fund, Looking at Health IT Deals”
With Traditional M&A Players Still on Sidelines, Small and Mid-sized Businesses Have Unique Opportunity to Make Strategic Acquisitions
The recent economic turmoil forced rapid change on the mergers and acquisitions marketplace, as the tightening of available credit pushed traditional M&A players—primarily private equity investors and large corporations—to the sidelines and dramatically slowed existing transactions. The landscape yielded a dearth of profitable deals, with any residual motivation for investment in mid-sized firms deflated by … Continue reading “With Traditional M&A Players Still on Sidelines, Small and Mid-sized Businesses Have Unique Opportunity to Make Strategic Acquisitions”
Azuki CEO Looking to Grow Mobile Software Business By Making it “Brainless”
Azuki Systems, an Acton, MA-based maker of software for helping video and other data-rich media content providers deliver their material through mobile devices, has announced that it hired a new president and CEO. Azuki‘s new leader is John Clancy, a cloud computing exec who most recently served as CEO-in-Residence at Schooner Capital in Boston. “I’m … Continue reading “Azuki CEO Looking to Grow Mobile Software Business By Making it “Brainless””
Avedro Garners $4,600,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=702a387a-f90d-453b-b1a7-23c389345671&Preview=1 Date 8/2/2010 Company Name Avedro Mailing Address 230 Third Avenue Waltham, MA 02451 Company Description The company is developing vision correction technologies. Website http://www.avedro.com Transaction Type Venture Equity Transaction Amount $4,600,000 Transaction Round Undisclosed Proceeds Purposes The new money will be used for general corporate purposes. M&A Terms Venture Investor Borealis … Continue reading “Avedro Garners $4,600,000 New Funding”
SAIC Acquires Reveal Imaging Technologies for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e353762c-5193-46a1-a446-eae251c5203a&Preview=1 Date 8/2/2010 Company Name Reveal Imaging Technologies Mailing Address 28 Crosby Drive Bedford, MA 01730 Company Description MA, Reveal Imaging Technologies, Inc., has developed a new paradigm for government mandated explosives detection systems (EDS) for airport security. Website http://www.revealimaging.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms … Continue reading “SAIC Acquires Reveal Imaging Technologies for Undisclosed Sum”
OpenAppMkt: The Return of the iPhone Web App?
Few people remember it now, but for the first year after the launch of the Apple iPhone in June, 2007, there was no App Store. The device came with a few built-in or “native” apps like a calendar, a clock, and a notebook, along with a couple of third-party apps like the YouTube player and … Continue reading “OpenAppMkt: The Return of the iPhone Web App?”
SiGe Semiconductor Targets $144M IPO
A Massachusetts tech firm is testing the IPO waters. Andover, MA-based SiGe Semiconductor, which makes radio frequency chips for wireless communications, filed papers with the SEC yesterday for a proposed $143.8 million initial public offering. The firm has not set a date for the proposed offering. SiGe, founded as a Canadian company in 1996, has … Continue reading “SiGe Semiconductor Targets $144M IPO”
Charles River Ends $1.6B WuXi Buyout
Charles River Laboratories International (NYSE:[[ticker:CRL]]), a provider of lab mice and drug research services, said yesterday that it nixed its plans to acquire the China-based contract research juggernaut WuXi PharmaTech (Cayman) (NYSE:[[ticker:WX]]) for $1.6 billion due to lack of support for the deal among its shareholders. Wilmington, MA-based Charles River is paying WuXi a $30 … Continue reading “Charles River Ends $1.6B WuXi Buyout”
FDA Gives Nod to Momenta’s Anti-Clotting Generic, Ingenix Acquires Picis, Millennium Harnesses BioScale’s Protein-Measuring Technology, & More Boston-Area Life Sciences News
This week saw a long-awaited FDA approval for a Boston-area drug maker, speculation about a possible buyout of a local biotech giant, and some in-depth profiles on other key life sciences players. —Hospital software maker Picis, of Wakefield, MA, said it is being acquired by Ingenix, an Eden Prairie, MN-based healthcare intelligence and analytics firm. … Continue reading “FDA Gives Nod to Momenta’s Anti-Clotting Generic, Ingenix Acquires Picis, Millennium Harnesses BioScale’s Protein-Measuring Technology, & More Boston-Area Life Sciences News”
Boston-Power Obtains $6,400,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d4731148-461c-441c-8840-568c6959477a&Preview=1 Date 7/30/2010 Company Name Boston-Power Mailing Address 2200 West Park Drive Westborough, MA 01581-3961 Company Description Boston-Power, Inc. ™ is an emerging portable power company answering the call for safer, longer lasting Lithium-ion batteries – today. Website http://www.boston-power.com Transaction Type Venture Equity Transaction Amount $6,400,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Boston-Power Obtains $6,400,000 New Round”
LS9 Shows Recipe For $50 Oil: Genes That Convert Sugar to Diesel in One Step
LS9 is on a quest to make renewable fuel at $50 a barrel, and today it is revealing at least part of the scientific road map it’s been following to get there. The South San Francisco-based biofuel company is reporting today that it has discovered novel genes from strains of cyanobacteria that are the basis … Continue reading “LS9 Shows Recipe For $50 Oil: Genes That Convert Sugar to Diesel in One Step”
Xconomy Readers Set $20B Pricetag on Genzyme—Is That Too Rich for Sanofi-Aventis?
We asked our readers to chime in this week on the value of the venerable biotech Genzyme (NASDAQ:[[ticker:GENZ]]), which has reportedly become an acquisition target of the French drug giant Sanofi-Aventis (NYSE:[[ticker:SNY]]). Well, the results are in, but the question remains how our readers’ predicted price will match up with what Sanofi offers, and whether … Continue reading “Xconomy Readers Set $20B Pricetag on Genzyme—Is That Too Rich for Sanofi-Aventis?”
Storwize Bought By IBM
Storwize, a Marlborough, MA-based maker of technology for the real-time compression of data, has agreed to be acquired by IBM (NYSE: [[ticker:IBM]]). The companies did not reveal the financial terms of the deal, which is expected to close third quarter of this year, but previous press reports have priced the transaction in the neighborhood of … Continue reading “Storwize Bought By IBM”
Massachusetts Startup Investing Surges to $307M in June, Led by $60M Boston-Power Deal
It wasn’t just temperatures that were heating up in Massachusetts in June. Venture investing in the Bay State’s tech and life sciences startups soared to $307.1 million, brought in through 31 equity-based deals. For several months this spring, venture investing in the region hovered in the neighborhood of $200 million, according to data provided by … Continue reading “Massachusetts Startup Investing Surges to $307M in June, Led by $60M Boston-Power Deal”
Aircuity, Focused on “Not Using Energy You Don’t Need,” Tracks and Streamlines Building Ventilation
Given that the air system at Xconomy’s offices seems noisy and erratic most days, I wasn’t that surprised to hear that most buildings are over-ventilated (a bit of information I picked up from Aircuity president and chief operating officer Rob Brierley). But for businesses running their air systems on overload, this can be more than … Continue reading “Aircuity, Focused on “Not Using Energy You Don’t Need,” Tracks and Streamlines Building Ventilation”
IBM Acquires Storwize for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4bca71a5-6aba-4687-9a90-bf82d08060da&Preview=1 Date 7/29/2010 Company Name Storwize Mailing Address 2 Mount Royal Ave Marlborough, MA 01752 Company Description Storwize, Inc. is the leader provider of real-time data compression solutions that dramatically boost storage space on network storage environments. The Storwize appliance provides organizations with additional capacity and associated savings in capital, operational, maintenance … Continue reading “IBM Acquires Storwize for Undisclosed Sum”
New CEOs For Boston-Area Mobile Companies
We tracked a duo of new CEO announcements today, both at companies in the mobile sector. —Aylus Networks, a Westford, MA-based developer of technology to help mobile operators manage video data on their networks, announced Mark Edwards will be joining the company as CEO. Edwards comes from the helm of mobile device management software company … Continue reading “New CEOs For Boston-Area Mobile Companies”
Protecting Consumers From Their Own Genetic Data Will Come at a Cost
Last week’s U.S. House Energy and Commerce Committee hearing into the direct-to-consumer (DTC) genetic testing industry was a vicious affair, with more than a whiff of the show trial about it. Representatives from testing companies 23andMe, Navigenics and Pathway Genomics faced a barrage of questions about the accuracy and utility of their tests, made all … Continue reading “Protecting Consumers From Their Own Genetic Data Will Come at a Cost”
TECH Cocktail Boston 2010
This is the fourth annual TECH Cocktail Boston, a meet-and-greet of fresh, innovative startups in the region. This year’s gathering will spotlight several companies we’ve covered before, like thredUP and iZup, as well as a few names that have slipped past our radar thus far. Register here.
140 Character Conference
This conference covers all things Twitter. Luckily, it won’t be limited to 140 characters, but will have an entire day to go over Twitter’s impact in areas from media to politics to fashion to business. Register here.
JAZD Gets $4M
JAZD Markets, an Andover, MA-based startup developing an online business-to-business marketing platform powered by directories, has pulled in a $4 million equity round from four investors, according to an SEC filing. The company raised $8 million in equity-based funding in 2008, and its website names Commonwealth Capital Ventures and Pilot House Ventures as investors. The … Continue reading “JAZD Gets $4M”
BioScale, Mastering Acoustics for Molecular Detection, Gets Nod from Millennium Pharma
Until recently, BioScale had operated out of the public eye for some eight years as it engineered a new way of measuring biological samples with sound wave technology. Now the Cambridge, MA-based startup has garnered some validation for its acoustic technology from a very visible player in biotech—Millennium, The Takeda Oncology Company. Cambridge-based Millennium has … Continue reading “BioScale, Mastering Acoustics for Molecular Detection, Gets Nod from Millennium Pharma”
Oclaro Buys Mintera, Gazelle Gets $12M, Genzyme Buyout Rumors Swirl, & More Boston-Area Deals News
Acquisitions were a big theme in the New England-area deal news this past week. We also saw several funding rounds and an intellectual property deal. —Providence, RI-based Alektrona, a maker of smart-grid software and hardware, grabbed $250,000 in funding from the Slater Technology Fund, also of Providence. The money comes as part of a $510,000 … Continue reading “Oclaro Buys Mintera, Gazelle Gets $12M, Genzyme Buyout Rumors Swirl, & More Boston-Area Deals News”
JAZD Markets Obtains $4,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d5c5aea2-7d58-46a3-93be-c3afe8fb5ec9&Preview=1 Date 7/28/2010 Company Name JAZD Markets Mailing Address 3 Dundee Park Andover, MA 01810 Company Description As the leading on-line directory driven marketing solution for B2B, Jaz’d! is changing the way on-line marketing works by aligning buyers and sellers together in highly informative, measurable and easy-to-navigate environments. Jaz’d! partners with leading … Continue reading “JAZD Markets Obtains $4,000,000 New Financing”
38 Studios R.I. Move Confirmed
38 Studios, the Maynard, MA-based video game company started by former Red Sox pitcher Curt Schilling, has confirmed that it will be moving its headquarters to Rhode Island, according to a report in the Boston Globe. The gaming company attracted a $75 million loan guarantee from the Rhode Island Economic Development Corporation, and has said … Continue reading “38 Studios R.I. Move Confirmed”
Practically Green, Led by Former Globe Exec, Uses Social Media and Game Mechanics to Spread Green Living
Everyone has their own green environmental “a-ha” moment. Maybe it’s seeing birds drowning in oil, or paying $4 a gallon for gas, or reading about the plastic trash heap the size of Texas swirling around in the Pacific Ocean. For Susan Hunt Stevens, it was discovering her young son had serious food and environmental allergies, … Continue reading “Practically Green, Led by Former Globe Exec, Uses Social Media and Game Mechanics to Spread Green Living”
RainDance Technologies, Delving Deep into DNA, Gets Wall Street Connections with Latest CEO
Roopom Banerjee, the chief executive of genomic research tool maker RainDance Technologies, is aware of the criticisms facing genomics. “There’s been a lot of talk recently about how productive has the Human Genome Project really been in terms of delivering on the promise of personalized medicine,” he says. RainDance is helping scientists conquer part of … Continue reading “RainDance Technologies, Delving Deep into DNA, Gets Wall Street Connections with Latest CEO”
Greylock’s Henry McCance Part 2: Four Things Great VCs Do and Four Ideas to Guide Them
Every venture capital firm and every venture capitalist touts itself/herself/himself as adding value to the entrepreneur’s quest to build great companies. But when it comes to backing up that talk with action, few venture capitalists have the track record of Henry McCance, now chairman emeritus of Greylock Partners. I recently visited McCance in the firm’s … Continue reading “Greylock’s Henry McCance Part 2: Four Things Great VCs Do and Four Ideas to Guide Them”
Terrafugia Shows Off New Design for Flying Car
A future replete with flying cars inched a bit closer today. At the AirVenture air show in Oshkosh, WI, aerospace startup Terrafugia of Woburn, MA, took the wraps off the latest prototype for its Transition “roadable aircraft,” which has folding wings that make the vehicle compact enough to drive right off the tarmac and onto … Continue reading “Terrafugia Shows Off New Design for Flying Car”
How Much Would You Pay for Genzyme?
Speculation has erupted over the potential outcome of reported M&A talks between the Cambridge, MA-based biotech powerhouse Genzyme (NASDAQ:[[ticker:GENZ]]) and the French drug giant Sanofi-Aventis (NYSE:[[ticker:SNY]]). While biotech watchers salivate over the potential sale of Genzyme, we thought it would be interesting to hear from you about what you think the company is worth. Frenzied … Continue reading “How Much Would You Pay for Genzyme?”
Will China Eat Our Cleantech Lunch?
If we’re not careful…China’s going to eat our lunch in cleantech. This was the overwhelming feeling I was left mulling over during my return flight from China last week. I had a great trip, visiting Beijing, Tianjin, Suzhou, and Shanghai over five days as I looked at some new investment opportunities. It was a lot … Continue reading “Will China Eat Our Cleantech Lunch?”
Vlingo Buys Patents from Bellevue-based Intellectual Ventures As Defense In Nuance Lawsuit—Hopes for “Horse Trade”
Vlingo, a Cambridge, MA-based provider of voice-to-text software, has taken a defensive move to help protect it against a lawsuit filed by speech software giant Nuance Communications, announcing a deal today with Intellectual Ventures that adds a slew of intellectual property to its arsenal. Vlingo has purchased several patents from Bellevue, WA-based Intellectual Ventures that … Continue reading “Vlingo Buys Patents from Bellevue-based Intellectual Ventures As Defense In Nuance Lawsuit—Hopes for “Horse Trade””
Double-Take’s $242M Sale Brings Windows Data Protection to IBM-Focused Firm, Vision Solutions
Here’s an interesting snapshot of a Boston-area public tech company getting bought by a West Coast firm. In May, we reported that Southborough, MA-based Double-Take Software was being acquired by Vision Solutions, based in Irvine, CA, in a deal worth $242 million. Today, Vision is announcing that the acquisition has officially closed. Double-Take (NASDAQ: [[ticker:DBTK]]) … Continue reading “Double-Take’s $242M Sale Brings Windows Data Protection to IBM-Focused Firm, Vision Solutions”
Biotech on a Shoestring? There’s a Better Way
A recent Xconomy article “Biotech on a Shoestring” reflects an industry landscape change where, “the era of free-spending is supposedly out, and austerity is the watchword.” An emphasis on a heightened form of frugality can certainly save dollars but can also create uncertainty and anxiety amongst the rank and file. The inevitable next question arises … Continue reading “Biotech on a Shoestring? There’s a Better Way”
Greylock’s Henry McCance on Why the Firm Moved Its HQ to Silicon Valley and How Boston Must Find Its Google
Greylock Partners is one of the world’s premier venture firms and a hallmark here in New England, so it was no small news in May 2009 when the storied firm announced it was moving its headquarters from the Boston area to Silicon Valley—giving New England yet another reason for Valley envy. I recently sat down … Continue reading “Greylock’s Henry McCance on Why the Firm Moved Its HQ to Silicon Valley and How Boston Must Find Its Google”
Genzyme Stock Surges 15 Percent on Sanofi Buyout Speculation
Genzyme stock boomed today on speculation that the company could get acquired by Paris-based drug giant Sanofi-Aventis. The news was reported earlier today by the Wall Street Journal and Bloomberg News. No deal was actually announced, and a Genzyme spokesman stated the obvious—that the company, with headquarters in Cambridge, MA, and significant operations in San … Continue reading “Genzyme Stock Surges 15 Percent on Sanofi Buyout Speculation”
Momenta Gets FDA Green Light For Generic Anti-Clotting Drug; Shares Boom
Momenta Pharmaceuticals (NASDAQ: [[ticker:MNTA]]) has won a spot on the U.S. market for its first drug. The Cambridge, MA-based biotech company said today that the FDA has approved a generic version of a common anti-clotting drug developed by Momenta and Sandoz, a unit of Novartis. The news sent Momenta stock rocketing up 77 percent by … Continue reading “Momenta Gets FDA Green Light For Generic Anti-Clotting Drug; Shares Boom”
Boston’s Skyhook Will Map Tweets, Check-ins at San Francisco Marathon
“Knowing where someone is in real time—particularly if you have some context around that—is an incredibly valuable marketing opportunity.” So said Union Square Ventures partner Fred Wilson at a conference on geolocation in San Francisco this week. But sometimes it can be difficult to visualize that value—to imagine how proximity might translate into profit. Thanks … Continue reading “Boston’s Skyhook Will Map Tweets, Check-ins at San Francisco Marathon”
Lucky 13: Xconomy Boston’s Top Stories of 2010 (So Far)
Ever feel like you can’t catch up to the endless stream of news and information bombarding you in the tech-business world? Well, today we’re going to get caught up, at least a little bit. Having just landed back in Boston this week, I’ve been getting up to speed on all of our stories and sources … Continue reading “Lucky 13: Xconomy Boston’s Top Stories of 2010 (So Far)”
Picis Bought by Ingenix
Wakefield, MA-based Picis, a maker of Web-based software systems for hospitals, is being acquired by Ingenix, a healthcare intelligence and analytics company based in Eden Prairie, MN. Financial terms of the deal weren’t announced, but Ingenix says it will maintain the Picis office in Wakefield as well as its other operations in the U.S. and … Continue reading “Picis Bought by Ingenix”
Flipboard, Off to a Shaky Start, Could Still Grow Into One of Tablet Computing’s Killer Apps
[Updated, see page 2] Say a reviewer goes to a performance of the latest Broadway extravaganza, and the elaborate stage machinery breaks down before the show even starts, forcing everyone to go home. This actually happened to me once, at a showing of Sunset Boulevard in New York. It probably wouldn’t be fair for the … Continue reading “Flipboard, Off to a Shaky Start, Could Still Grow Into One of Tablet Computing’s Killer Apps”
Taris Hires New CEO, Stromedix Hopes Clinical Trial Will Advance, Euthymics Hits the Ground With Series A, & More Boston-Area Life Sciences News
We saw a number of lesser-known New England-area biotechs surface with funding announcements, as well as feature stories looking at company strategies and drug development trends. —Inverness Medical Innovations, a Waltham, MA-based maker of consumer diagnostic tests and disease management tools, announced it had changed its name to Alere, and shifted its stock symbol on … Continue reading “Taris Hires New CEO, Stromedix Hopes Clinical Trial Will Advance, Euthymics Hits the Ground With Series A, & More Boston-Area Life Sciences News”
Ingenix Acquires Picis for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6c43bca7-d72d-4022-962f-833ad869988b&Preview=1 Date 7/23/2010 Company Name Picis Mailing Address 100 Quannapowitt Parkway Wakefield, MA 01880 Company Description Picis provides comprehensive information systems that automate clinical documentation and business practices in the emergency department (ED), operating rooms (ORs), post-anesthesia care units (PACUs) and intensive care units (ICUs). Website http://www.picis.com Transaction Type M&A Transaction Amount … Continue reading “Ingenix Acquires Picis for Undisclosed Sum”
38 Studios Reveals First Video Game at San Diego’s Comic-Con
Veteran Red Sox pitcher Curt Schilling is unveiling the first game put out by the Maynard, MA-based video game company he founded, 38 Studios, at the San Diego entertainment festival Comic-Con today. The single-player game, called “Kingdoms of Amalur: Reckoning,” is based on the fantasy novels of author R.A. Salvatore. It was previously kept under … Continue reading “38 Studios Reveals First Video Game at San Diego’s Comic-Con”
Business Innovation Factory-6
The Business Innovation Factory calls itself “much more a conversation than a conference.” The event invites innovators to share their personal stories and visions, without the panels or powerpoints present in other business events. This year’s sixth annual gathering will feature scholars and executives, representing companies such as Zappos.com and SeeClickFix.com. Register here.