IBM Acquires Cast Iron Systems for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=61134db4-e21c-443f-a253-45ab52285dc4&Preview=1 Date 5/3/2010 Company Name Cast Iron Systems Mailing Address 375 Ravendale Drive Mountain View, CA 94043 Company Description Cast Iron Systems is the largest provider of integration appliances. Cast Iron Integration Appliances eliminate the cost and complexity associated with traditional software-based integration tools. Our appliances are built from the ground up … Continue reading “IBM Acquires Cast Iron Systems for Undisclosed Sum”

SuccessFactors Acquires CubeTree for $50,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e48f9326-ad92-4a13-ac2c-7e58d357d324&Preview=1 Date 5/3/2010 Company Name CubeTree Mailing Address 401 Warren St. Redwood City, CA 94063 Company Description With Adobe Flex as an RIA development tool, it is becoming popular day-by-day. And the good news is that CubeTree India has also entered into this spree of developing simple and complex applications using Flex. … Continue reading “SuccessFactors Acquires CubeTree for $50,000,000”

Corduro Garners New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ab7f0645-d4f9-433e-88c9-966bb3e46a73&Preview=1 Date 5/3/2010 Company Name Corduro Mailing Address 541 Silicon Dr. Southlake, TX 76092 Company Description The company offers a range of payment services, for Internet, mobile and traditional retail transactions. Website http://www.corduro.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms … Continue reading “Corduro Garners New Financing”

The Web of Me: Opportunities and Implications of Participatory Culture

Social media is cool, but what does a connected and participating world really mean for the companies building tomorrow’s Internet technology, and the users of it? What are the business and technology building blocks, not just buzzwords, and are we making progress? San Diego’s Software Industry Council’s Web in Evolution group has organized a series … Continue reading “The Web of Me: Opportunities and Implications of Participatory Culture”

New Paradigms for Drug Development

Connect has organized this presentation by Gary S. Firestein of UC San Diego’s School of Medicine, a specialist in allergy and immunology, and director of the Clinical and Translational Research Institute (CTRI). Translational research has the ability to transform scientific discoveries, taking them out of the laboratory and into practical clinical applications at the patient’s … Continue reading “New Paradigms for Drug Development”

Connect With Connect: The Ultimate Networking Event

The theme of this year’s Connect with Connect event is “convergence,” complete with displays from companies representing most of San Diego’s technology clusters—including cleantech, life sciences, high tech, wireless health, defense, and sports innovation. Bring a handful of business cards and take advantage of this unparalleled opportunity to renew connections and meet business leaders from … Continue reading “Connect With Connect: The Ultimate Networking Event”

How to Get Government Grants: The Insider’s View

The San Diego Entrepreneurs Exchange has organized a meeting to discuss how local entrepreneurs have obtained federal funding, especially Small Business Innovative Research (SBIR) grants. John Finn, the chief scientific officer at Trius Therapeutics, will make a presentation, which will be followed by a roundtable discussion with the CEO of Orphagen Pharmaceuticals, the founding CEO … Continue reading “How to Get Government Grants: The Insider’s View”

Optimizing Workforce Management: When Will Healthcare Embrace Software as a Service?

Concerro, founded in 2002 as BidShift, has developed a Web-based service that enables hospitals to optimize staff scheduling. Concerro has established relationships with about 10 percent of all U.S. hospitals. The San Diego chapter of the MIT Enterprise Forum has organized a presentation and panel to discuss how Concerro can win-over hospital IT departments that … Continue reading “Optimizing Workforce Management: When Will Healthcare Embrace Software as a Service?”

Dual Use Technology Briefing

Dual use technology, or technology that can be developed for military and civilian markets, is the subject of a briefing hosted by Automation Alley. The program will include information on how how companies developing innovative technology can do business with the United States Army Tank Automotive Research, Development and Engineering Center (TARDEC). This program will … Continue reading “Dual Use Technology Briefing”

Angel Boot Camp

Come find out whether angel investing is for you and how to begin pursuing it. More than a dozen angel investors will share their insights on evaluating potential investments, navigating the legal issues surrounding startup funding, and determining the right amount of money to invest. This event is invite only, but you can e-mail to … Continue reading “Angel Boot Camp”

What Not to Web

Consider it spring cleaning for your Internet home. Web design experts will reveal the best techniques to help you reshape your website, at this event sponsored by the MIT Enterprise Forum of Cambridge and Fresh Tilled Soil. Registration is online.

MITEF Start Smart Workshop

This ten-week series of weekly workshops covers the nuts and bolts of the entrepreneurial process. Weekly sessions explore startup milestones from bootstrapping to building business models to partnering and pitching. Attendees will also be able to network and get hands-on feedback for the work they produce. Register online for the program.

MITEF Innovation Series: The Next Generation of Enterprise Computing

Barry Briggs, chief architect and CTO of Microsoft’s IT organization, will deliver the keynote at this MIT Enterprise Forum of Cambridge event, giving a look at the new challenges and trends in cloud computing. A panel, featuring members from Cloudswitch and Matrix, will explore how businesses can grow in this new era of enterprise computing. … Continue reading “MITEF Innovation Series: The Next Generation of Enterprise Computing”

MIT Sloan CIO Symposium

This one-day conference brings together CIOs and other top business executives to explore the use of technology in enhancing an organization’s performance. Sessions and speakers will explore topics such as security and mobility, IT as an innovation engine, cloud computing, and the role of the CIO in Health IT companies. Registration is here.

Girls in Tech Networking Event

Here’s an informal networking event for women working in technology. This month features recruiters and HR managers to spotlight the positions available in the area’s tech sector. Registration is free.

Campus Reactions to UW President Mark Emmert’s Departure to the NCAA

The big news in local academic circles this week is that University of Washington president Mark Emmert is leaving after almost six years to become head of the National Collegiate Athletic Association (NCAA), based in Indiana, effective November 1. The move surprised many in the academic and business communities. Emmert, 57, has a reputation as … Continue reading “Campus Reactions to UW President Mark Emmert’s Departure to the NCAA”

Idenix Raises $26.2M

Idenix Pharmaceuticals (NASDAQ: [[ticker:IDIX]]), a Cambridge, MA-based developer of anti-viral drugs, has priced an offering of 6.46 million shares of its common stock at $4.35 per share, an SEC filing revealed. Thomas Weisel Partners is acting as the sole book-running manager of the deal, which will bring in net proceeds of about $26.2 million to … Continue reading “Idenix Raises $26.2M”

Dr. Celestia Higano on Dendreon’s Provenge: Seattle Times Live Chat

Dr. Celestia Higano, a prostate cancer specialist at the University of Washington and Fred Hutchinson Cancer Research Center, will be part of a live online chat from 11 am to Noon on May 4 at Seattletimes.com. Dr. Higano participated in the clinical trials for sipuleucel-T (Provenge), the first-of-its-kind immune booster for prostate cancer that was … Continue reading “Dr. Celestia Higano on Dendreon’s Provenge: Seattle Times Live Chat”

Cleantech Becoming ‘Third Leg’ of VC Investing Stool—But Just How Big is That Leg?

When Ira Ehrenpreis came through San Diego a couple of weeks ago, the cleantech investment partner at Palo Alto, CA-based Technology Partners said there was no such thing as a cleantech investment category when his firm began investing 25 years ago. At that time, Technology Partner’s investments in environmentally friendly technologies amounted to less than … Continue reading “Cleantech Becoming ‘Third Leg’ of VC Investing Stool—But Just How Big is That Leg?”

Massachusetts CEOs, VCs Launch “12×12” Mentoring Program

Prominent Massachusetts venture firms and CEOs have formally rolled out a mentoring program aimed at supporting “a new generation of technology entrepreneurs” in the state, in the words of an announcement this morning. Called 12×12, the initiative is supported by 12 local CEOs and 12 venture capital partners, and will match entrepreneurs with advisors for … Continue reading “Massachusetts CEOs, VCs Launch “12×12” Mentoring Program”

$2M Achieves Liftoff For Detroit Launch Pad

Wayne State University in Detroit and Walsh College in Troy, MI, will get an entrepreneur training program called The Launch Pad off the ground thanks to a $2 million grant from the Blackstone Charitable Foundation. Detroit’s New Economy Initiative will partner with New York-based Blackstone to launch the program that it hopes will be come … Continue reading “$2M Achieves Liftoff For Detroit Launch Pad”

Xconomy’s Healthcare In Transition Forum: In Photos

Monday was Xconomy’s first ever event dedicated specifically to exploring how information technology can be used to improve the healthcare system. The event opened with a keynote address by Frank Moss, director of the MIT Media Lab (our venue for the forum), who used a clip from Saturday Night Live satirizing the Middle Age-technique of … Continue reading “Xconomy’s Healthcare In Transition Forum: In Photos”

Northwest Under-the-Radar Deals: 11 Financings Worth $1 Million or Less in March

When it came to startup investing in the Northwest last month, it was a bit of a give and take. Washington-based companies raised about $21 million across three deals, each worth more than $1 million, plummeting from the $53.5 million that companies pulled in across 10 such transactions in February. But the number of “under-the-radar” … Continue reading “Northwest Under-the-Radar Deals: 11 Financings Worth $1 Million or Less in March”

Prize-Winning Enertia Team Begins Long Climb To Commercialize Clean, Portable Energy

University of Michigan business student Adam Carver says he is a “mountain climber at heart.” Maybe that’s why he’s going for two degrees at once. Last summer, he conquered the Matterhorn. Yes, the actual Matterhorn in Switzerland. This year, he set out for the foothills of a longer, perhaps even more ambitious journey-to bring to … Continue reading “Prize-Winning Enertia Team Begins Long Climb To Commercialize Clean, Portable Energy”

The iPad May Kill the Kindle, But Amazon Could Still Come Out Ahead: The Only Comparison You Need to Read

If you’re interested in the electronic book craze, but you don’t yet own an e-book reading device, your options just got a lot more complicated. Not only are there a handful of great devices that use electrophoretic screens from Cambridge, MA-based E Ink, such as the Amazon Kindle, the Barnes & Noble Nook, and the … Continue reading “The iPad May Kill the Kindle, But Amazon Could Still Come Out Ahead: The Only Comparison You Need to Read”

San Diego’s Under-the-Radar Funding: Four Startup Deals in March Worth Less Than $1 Million

Back in November, Bruce gave San Diego readers a preview of our list of “under-the-radar” deals—startup transactions worth less than $1 million, based on data provided to us by private company intelligence platform CB Insights. We’ve been tracking them in our other cities for months, but we didn’t see much activity in San Diego again … Continue reading “San Diego’s Under-the-Radar Funding: Four Startup Deals in March Worth Less Than $1 Million”

Seattle Is #3—Where Does Michigan Want To Be?

Seattle has, from my point of view, carved out its position as the No. 3 biotech market in the U.S. behind Boston and the San Francisco Bay Area. Michigan is currently an outsider looking in. Where does Michigan want to be in this hierarchy, and what will they need to do to get there? Michigan … Continue reading “Seattle Is #3—Where Does Michigan Want To Be?”

Novartis Buys Alnylam Shares, Xconomy Holds First Ever Health IT Forum, Vertex Alumni Spread Throughout Life Sciences Sector, & More Boston-Area Life Sciences News

It was a big news week for the intersection of information technology and healthcare, with our first ever forum completely dedicated to the topic, and a few startups in the space nabbing funding. Headlines from big pharma companies rounded it out for us, too. —Athenahealth (NASDAQ: [[ticker:ATHN]]), the Watertown, MA-based maker of electronic health records … Continue reading “Novartis Buys Alnylam Shares, Xconomy Holds First Ever Health IT Forum, Vertex Alumni Spread Throughout Life Sciences Sector, & More Boston-Area Life Sciences News”

Exit41 Secures $6,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6074f8eb-9b9d-4f9a-9c7d-5878c42a5ec3&Preview=1 Date 4/30/2010 Company Name Exit41 Mailing Address Three Dundee Park Massachusetts, MA 01810 Company Description Exit41 has a 10+ year history as a true innovator in the development of food ordering solutions for restaurants, evolving from a point-of-sale business to become the global market leader for integrated online, mobile, and call … Continue reading “Exit41 Secures $6,000,000 New Round”

EdenIQ Lands $12,400,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=279e83b1-9315-40d9-a806-3049b869465f&Preview=1 Date 4/30/2010 Company Name EdenIQ Mailing Address 1520 N. Kelsey St. Visalia, CA 93291 Company Description EdeniQ’s scientists are pursuing solutions that cost-effectively convert abundant, non-food biomass into fuels. Making fuels from agricultural waste such as corn stover, sugarcane bagasse, rice straw and woodchips takes the controversy out of biofuels and … Continue reading “EdenIQ Lands $12,400,000 Series B Funding”

Moblyng Obtains $2,650,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dba8b608-604a-475e-9185-3d604c9a1e06&Preview=1 Date 4/30/2010 Company Name Moblyng Mailing Address PO Box 610088 Redwood City, CA 94061 Company Description Moblyng Games is an innovative social gaming company that builds entertainment experiences spanning multiple platforms. Moblyng Games’ proprietary software allows it to create and launch full-featured interactive entertainment titles on various platforms almost simultaneously. Website … Continue reading “Moblyng Obtains $2,650,000 New Financing”

A Party With a Purpose: Young People Pulling Together For Global Health

The Washington Global Health Alliance is organizing “A Party With a Purpose,” on June 3. This cocktail party is designed to attract people in their 20s and 30s, raising awareness of global health problems, particularly rotavirus. The goal is to get 500 people to buy $25 tickets, which should support 63 centers for rotavirus treatment. … Continue reading “A Party With a Purpose: Young People Pulling Together For Global Health”

Dendreon CEO Mitch Gold: Seattle Biotech Has An Anchor Tenant Again

The impact of today’s FDA approval of Dendreon’s prostate cancer drug is being covered exhaustively from every angle on the Web. There’s the company saga, the benefit for prostate cancer patients, the boost to the field of cancer immunotherapy research, and the stock market surge. But one thing that’s not lost on Dendreon CEO Mitch … Continue reading “Dendreon CEO Mitch Gold: Seattle Biotech Has An Anchor Tenant Again”

Bill Gates Backs Schrödinger

Schrödinger, a New York and Portland, OR-based maker of chemical-simulation software for drug development and research, has received a $10 million equity investment from Bill Gates through Cascade Investment, Gates’s private investment and holding company. The news was reported earlier today by the Wall Street Journal. The money will be used to support R&D projects … Continue reading “Bill Gates Backs Schrödinger”

Beyond the Electronic Health Record

With the passage of health care reform legislation last month, attention has now turned from arguing its merits to understanding its practical implications. In the world of health information technology, or health IT, the electronic health record (EHR) is one focus of this attention, but applications that build on their widespread adoption are where the … Continue reading “Beyond the Electronic Health Record”

Dendreon Sets Provenge Price at $93,000, Says Only 2,000 People Will Get it in First Year

[Updated: 12:55 pm Pacific] Dendreon’s groundbreaking new immune-booster for prostate cancer helps men live longer, and it will not be cheap. The Seattle-based biotech company (NASDAQ: [[ticker:DNDN]]) said it is planning to charge $93,000 per patient for the new drug. The product, sipuleucel-T (Provenge) will cost $31,000 per infusion, and patients will get three infusions … Continue reading “Dendreon Sets Provenge Price at $93,000, Says Only 2,000 People Will Get it in First Year”

Dendreon Makes History: FDA Approves First Active Immune-Booster to Fight Cancer

[Updated: 11:05 am Pacific] Scientists have been dreaming for a century about therapies that actively harness the power of the body’s immune system to kill cancer cells like an invading virus or bacteria. Today, Seattle-based Dendreon has made history by winning the first-ever FDA approval for this kind of cancer-fighter. Shares climbed 15 percent to … Continue reading “Dendreon Makes History: FDA Approves First Active Immune-Booster to Fight Cancer”

Thinking Screen Pulls in $2 Million, Looks to Apple iPad

Thinking Screen Media, the Wellesley Hllls, MA, startup that pushes news, photos, and other content to Internet-connected screens, is tweaking its business model once again. Formerly called Frame Media, the company started out in 2006 with a focus on delivering information to wireless photo frames. But last year it started thinking bigger—wireless photo frames weren’t … Continue reading “Thinking Screen Pulls in $2 Million, Looks to Apple iPad”

Entrepreneurs at UW Business Plan Competition Show Drive for Cleantech, Biotech, High Tech

The University of Washington’s president, Mark Emmert, has been talking about making the state’s biggest institution of higher education an “entrepreneurial university.” While Emmert is on his way out, the startup fire was still burning bright yesterday when I was on campus to serve as a judge for the UW’s 13th annual Business Plan Competition. … Continue reading “Entrepreneurs at UW Business Plan Competition Show Drive for Cleantech, Biotech, High Tech”

Celladon Enjoys Early Success With Gene Therapy Trial, FDA Gives Digirad Green Light for a Nuclear Camera, Aragon Pharmaceuticals Gets $22M & More San Diego Biotech News

We saw a healthy mix of life sciences news over the past week, with a generous serving of device news, some venture funding, a dash of clinical trial results, and voila! Enjoy! —San Diego’s Celladon said an experimental gene therapy treatment met its primary goal of showing the treatment was more effective than a placebo … Continue reading “Celladon Enjoys Early Success With Gene Therapy Trial, FDA Gives Digirad Green Light for a Nuclear Camera, Aragon Pharmaceuticals Gets $22M & More San Diego Biotech News”

$1.5M for HealthEdge

HealthEdge Software, a Burlington, MA-based provider of healthcare payment software, has raised $1.5 million of a planned $3.5 million round of debt, options, and warrants, according to an SEC filing. The company pulled in $3.5 million in equity-based funding last July. The newest financing involved four investors, but they were not named in the filing.

The Vertex Alumni: Where Are They Now?

[Updated: 1 pm, 11/26/11] Vertex Pharmaceuticals was a pretty audacious place, even by biotech standards, when it was founded twenty years ago. It started when a senior chemist from Merck, Joshua Boger, quit that job and assembled a small band of chemists that aimed to beat the Big Pharma companies at their own game of … Continue reading “The Vertex Alumni: Where Are They Now?”

Accelerator’s Mirina Advances, Qliance Nabs Bezos Bucks, Spiration Adds $6.5M Debt, & More Seattle-Area Life Sciences News

There was quiet before the storm this week, as Dendreon is eagerly awaiting the FDA’s decision by May 1 on whether it will clear the company’s prostate cancer drug for sale. Buckle your seat belts for that one. —Accelerator’s microRNA startup, Mirina, has made enough progress in its early days that it has secured an … Continue reading “Accelerator’s Mirina Advances, Qliance Nabs Bezos Bucks, Spiration Adds $6.5M Debt, & More Seattle-Area Life Sciences News”

UV Sciences Tries to Tap Into Water Purification Industry With Smaller and Less Costly Technology

After Ultraviolet Sciences was founded in 2002, it took the little San Diego cleantech startup seven years to launch its first product. It’s a water purification device that uses ultraviolet (UV) light to sterilize microbial contaminants in drinking water. Such UV technology has been gaining momentum in recent years as an alternative to chlorine disinfectant, … Continue reading “UV Sciences Tries to Tap Into Water Purification Industry With Smaller and Less Costly Technology”