CitySquares Online, a 5-year-old Boston startup that operates a network of hyperlocal online business directories, said in a news release yesterday that it has acquired Yokel.com, another Boston startup specializing in local product search. Terms of the deal weren’t disclosed. “This deal was a ‘your chocolate in my peanut butter’ moment for CitySquares,” said CitySquares … Continue reading “CitySquares Acquires Yokel”
Oneforty Opens Twitter App Store for Business, Details Funding from Boston, Seattle, and Bay Area Investors
Starting today, developers of Twitter applications who list their apps at oneforty, the burgeoning Twitter app directory based in Boston’s Brighton neighborhood, can also sell their apps directly to oneforty visitors. That makes oneforty into the first true Twitter app store—a development that could help stimulate the growth of a substantial marketplace for applications related … Continue reading “Oneforty Opens Twitter App Store for Business, Details Funding from Boston, Seattle, and Bay Area Investors”
Fina Technologies Aiming to Build Smarter Computer Models for Wall Street
Wall Street is no stranger to computer models, which have been used for more than a decade by fund managers and traders to beat the market. But many of the models developed by the so-called “quants” have proved insufficiently prescient—they didn’t do a very good job, for example, of predicting the subprime mortgage crisis. Using … Continue reading “Fina Technologies Aiming to Build Smarter Computer Models for Wall Street”
Route 128 vs. Silicon Valley: Stop the Noize!
[Updated and corrected, May 9, 2011–see below] We just came back from spending a week with 95 MIT students in Silicon Valley drinking from the West Coast Fire Hose of Entrepreneurship. Our theme was “East meets West: The Unification Study Tour.” For us, the theme worked well. But some of those out west, as well … Continue reading “Route 128 vs. Silicon Valley: Stop the Noize!”
OpenCandy Builds Online Marketplace For Free Software Downloads
[Updated 1/14/2010, 9:37 am. See Below] Darrius Thompson tells me he’s been involved for a long time in the software community, and he sees how consumer acceptance can be fluky. Some new software products get widespread distribution, and some go nowhere. Thompson says he believes in open-source products, but sometimes it doesn’t seem to matter … Continue reading “OpenCandy Builds Online Marketplace For Free Software Downloads”
VentiRx Nabs $25M, Gilead Deepens Seattle Roots, Sage Strikes Deal With Pfizer & More Seattle-Area Life Sciences News
Hope sprang eternal at this year’s JP Morgan Healthcare Conference, the annual kickoff event for the biotech industry. A few Seattle biotech companies offered some reasons for people to think a little hope may be justified. —VentiRx Pharmaceuticals said it raised $25 million to further develop its drugs that stimulate the innate immune system against … Continue reading “VentiRx Nabs $25M, Gilead Deepens Seattle Roots, Sage Strikes Deal With Pfizer & More Seattle-Area Life Sciences News”
VentiRx Pharmaceuticals Raises More Funds, Genzyme Declares a Truce, Adventrx Charts Comeback, & More San Diego Life Sciences News
A flurry of financing deals made it a good week for San Diego’s life sciences industry. Get the highlights here. —VentiRx Pharmaceuticals, which is working on drugs for allergies and cancer, raised additional funds of $25 million, bringing the total received in its Series A round to $51.6million. The company is based in San Diego … Continue reading “VentiRx Pharmaceuticals Raises More Funds, Genzyme Declares a Truce, Adventrx Charts Comeback, & More San Diego Life Sciences News”
Going nuTsie: Melodeo Looks to Beat Apple to the Punch with New Cloud-Based Music Service
Things have been crazy busy over at Melodeo for the past month. I don’t think any of those guys took time off during the holidays this year. As I detailed in a story earlier this week, the Seattle-based company has been ramping up its long-standing efforts in cloud-based music delivery ever since Apple acquired its … Continue reading “Going nuTsie: Melodeo Looks to Beat Apple to the Punch with New Cloud-Based Music Service”
Genomic Advances of the 2000s Will Demand an Informatics Revolution in the 2010s
We have witnessed some of most striking technological and scientific innovations in humankind during the first decade of the new millennium. While such claims perhaps seem cliché in an age where the media constantly report on new findings that really do not warrant our full attention, several discoveries and innovations in the recent history of … Continue reading “Genomic Advances of the 2000s Will Demand an Informatics Revolution in the 2010s”
Gryphon Networks Garners $7,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a0810d19-0d4d-43dc-9cf8-3e74801beac1&Preview=1 Date 1/14/2010 Company Name Gryphon Networks Mailing Address 249 Vanderbilt Ave Norwood, MA 02062 Company Description Gryphon Networks is the worldwide leader in Contact Governance solutions, turning consumer contact preferences, compliance policies and corporate governance into safe and profitable consumer contacts. Our solutions enable our clients to safely acquire customers amid … Continue reading “Gryphon Networks Garners $7,000,000 Series C Funding”
Avnera Corporation Garners $10,000,000 Series D Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d5ec330b-c765-42e1-8e75-89a71319c11c&Preview=1 Date 1/14/2010 Company Name Avnera Corporation Mailing Address 16505 NW Bethany Ct Beaverton, OR 97006 Company Description Avnera is a fabless semiconductor company founded in June 2004 in Beaverton, Oregon. It has pioneered a new semiconductor technology enabling breakthrough products for wireless audio and Voice-over-IP (VoIP) applications that remove the pain-points … Continue reading “Avnera Corporation Garners $10,000,000 Series D Financing”
Impact Radius Lands $6,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=451154c3-628a-4b6d-afc0-2f208033df7c&Preview=1 Date 1/14/2010 Company Name Impact Radius Mailing Address 915 Saint Vincent Avenue Santa Barbara, CA 93101 Company Description Impact Radius links performance advertising to TV, radio, print and online distribution channels—delivering to advertisers and media partners opportunities for growth and profit. Website http://www.impactradius.com Transaction Type Venture Equity Transaction Amount $6,000,000 Transaction … Continue reading “Impact Radius Lands $6,000,000 New Funding”
Presto Engineering Obtains $2,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6fdcdfb8-e683-43e0-98f3-426bae1f986b&Preview=1 Date 1/14/2010 Company Name Presto Engineering Mailing Address 3907 North First Street San Jose, CA 95134 Company Description Our company provides comprehensive semiconductor test and analysis solutions to IDM and fabless companies, helping to improve the speed & predictability of new product releases. Website http://www.presto-eng.com Transaction Type Venture Equity Transaction Amount … Continue reading “Presto Engineering Obtains $2,000,000 New Financing”
Life Technologies Acquires AcroMetrix for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9c086199-136b-4879-b2e5-2dc74c16e786&Preview=1 Date 1/14/2010 Company Name AcroMetrix Mailing Address 6010 Egret Court Benicia, CA 94510 Company Description AcroMetrix is a privately held California company specializing in products and services that support the introduction of leading-edge technologies to the medical industry. Combining scientific support, products, and services with Internet accessibility further expands the company’s … Continue reading “Life Technologies Acquires AcroMetrix for Undisclosed Sum”
SAIC Acquires CloudShield Technologies for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6fde4a77-3d5f-4053-8916-4f644fd4e0ef&Preview=1 Date 1/14/2010 Company Name CloudShield Technologies Mailing Address 212 Gibraltar Drive Sunnyvale, CA 94089 Company Description CloudShield is a provider of multi-gigabit, multi-function, programmable, deep packet inspection platforms targeted at large network operators. Website http://www.cloudshield.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the … Continue reading “SAIC Acquires CloudShield Technologies for Undisclosed Sum”
Integrated Device Technology Acquires Mobius Microsystems for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d9181c55-5552-464c-9de2-ff301d93e449&Preview=1 Date 1/14/2010 Company Name Mobius Microsystems Mailing Address 111 W. Evelyn Avenue Sunnyvale, CA 94086 Company Description Mobius Microsystems is an innovator in analog and mixed signal designs, and is the first to implement highly accurate frequency generators entirely in standard CMOS. This is a significant technical breakthrough in a class … Continue reading “Integrated Device Technology Acquires Mobius Microsystems for Undisclosed Sum”
CSID Receives $35,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2f5f5fdb-a893-405f-85bb-9c6794d1ba7f&Preview=1 Date 1/14/2010 Company Name CSID Mailing Address 7500 Rialto Boulevard Austin, TX 78735 Company Description CSID’s solutions are designed to detect and prevent the many forms of identity fraud; saving businesses money through a reduction in fraud losses, bad debt and inventory shrinkage. Website http://www.csidentity.com Transaction Type Venture Equity Transaction Amount … Continue reading “CSID Receives $35,000,000 New Funding Round”
RealNetworks CEO Rob Glaser Steps Down
Rob Glaser, the founder and chief executive of Seattle-based RealNetworks, has stepped down, according to a company statement. Glaser will remain chairman of the board. “After nearly 16 years, I’ve decided it’s time for me to step away from day-to-day operations,” Glaser said in a statement. “I’m grateful to all of our stakeholders—customers, partners, shareholders, … Continue reading “RealNetworks CEO Rob Glaser Steps Down”
Visible Technologies Tracks Down $22M for Global Expansion
Things are really heating up for Visible Technologies. The Bellevue, WA-based maker of software to help companies monitor social media and manage their online reputations announced today it has raised a Series C funding round worth $22 million. The round was led by a new investor—Investor Growth Capital (IGC), the growth-stage venture arm of Investor … Continue reading “Visible Technologies Tracks Down $22M for Global Expansion”
Net Neutrality: The Story of The Seven Pipes
Today at 4:30 at the Media Lab’s Bartos Theatre, the FCC will hold a public workshop to discuss net neutrality policy. What is the importance of net neutrality to the innovation community? We can learn a great deal about this by examining the stories of the seven pipes going into most American homes. Most homes … Continue reading “Net Neutrality: The Story of The Seven Pipes”
Qteros Switches CEOs to Accelerate Progress, New Chief Says
Qteros, the Marlborough, MA-based developer of cellulosic ethanol technology, has brought on industry veteran John McCarthy as CEO and bid adieu to former chief executive Bill Frey. The company announced McCarthy’s appointment this morning. McCarthy, who joined the startup last week, was the executive vice president at Cambridge, MA-based cellulosic ethanol developer Verenium (NASDAQ:[[ticker:VRNM]]). He … Continue reading “Qteros Switches CEOs to Accelerate Progress, New Chief Says”
Big Fish Expands Deal with PlayFirst
Seattle-based Big Fish Games, a developer, publisher, and distributor of casual video games, has expanded its existing strategic partnership with San Francisco-based PlayFirst. As of today, Big Fish will provide e-commerce and customer support services for PlayFirst’s game distribution portal, while PlayFirst gets access to Big Fish’s catalog of games. Financial terms weren’t given, but … Continue reading “Big Fish Expands Deal with PlayFirst”
Where the Jobs Are: PayScale Lands New Board Member, Exposes Three Trends in Human Capital
Whether you’re a startup founder, Fortune 500 executive, or average Joe on the street, everyone is wondering what 2010 will look like for jobs and compensation. Indications so far are not good. Unemployment rates are sky-high. Salary freezes are still rampant. At the same time, nobody can seem to agree on how to pay executives … Continue reading “Where the Jobs Are: PayScale Lands New Board Member, Exposes Three Trends in Human Capital”
Life Acquires AcroMetrix
Life Technologies (NASDAQ: [[ticker:LIFE]]), the Carlsbad, CA-based provider of biomedical diagnostic equipment and laboratory supplies, has agreed to acquire AcroMetrix, a diagnostics controls specialist based in the Bay Area community of Benicia, CA. Financial terms of the deal were not disculosed. Life says in a statement that AcroMetrix’ diagnostic quality control products allow a laboratory … Continue reading “Life Acquires AcroMetrix”
Excel Venture Management, Starting With Clean Slate, Shows Early Returns on Broad Vision
All year long, I listened to venture capitalists talk about the steady decline their industry is facing. Returns in a number of sectors just aren’t there anymore to justify the risk. Big pension funds and endowments that provide the fuel for innovative VC-backed companies are still licking their wounds from the downturn, and looking for … Continue reading “Excel Venture Management, Starting With Clean Slate, Shows Early Returns on Broad Vision”
Life Image Closes $2.2M Round
Life Image, a Newton, MA-based provider of software that enables doctors to share radiology images with colleagues around the globe via cloud-based in-boxes, has closed a $2.2 million round of financing, according to an SEC filing. Company CEO Hamid Tabatabaie told Xconomy last month that he had gained commitments for this financing. The investors in … Continue reading “Life Image Closes $2.2M Round”
Targeted Genetics Exits Nasdaq
Targeted Genetics, the Seattle-based developer of gene therapies that went public back in 1994, said today it has decided to allow its stock (NASDAQ: [[ticker:TGEN]]) to be delisted from the Nasdaq in order to conserve cash. The company has the equivalent of just six full-time employees, and the company is planning to further reduce costs … Continue reading “Targeted Genetics Exits Nasdaq”
Unica Buys Pivotal Veracity
Marketing software provider Unica (NASDAQ: [[ticker:UNCA]]) of Waltham, MA, has acquired Pivotal Veracity of Phoenix, AZ, and Bradenton, FL, for $17.8 million in cash, according to an announcement today. Pivotal Veracity makes software that helps to ensure that marketing e-mails look the same across multiple devices and e-mail clients, and that they reach their intended … Continue reading “Unica Buys Pivotal Veracity”
Once Destined for Bankruptcy, Adventrx Pharmaceuticals Sets New Course With Reformulated Drugs
Like something out of an old Clint Eastwood movie (where the cowboy left for dead is somehow resurrected), San Diego’s Adventrx Pharmaceuticals (AMEX: [[ticker:ANX]]) announced last week that it raised $19 million and filed a new drug application. Shares of the biotech, which had no pulse a year ago, sprang to life. Adventrx stock that … Continue reading “Once Destined for Bankruptcy, Adventrx Pharmaceuticals Sets New Course With Reformulated Drugs”
Prysm Hopes Laser-Driven Screens Will Outshine LCD, LED Displays
If you’re seeing electronic displays on every wall, window, billboard, and passing dirigible, it’s a sure sign that you’re stuck in a science-fiction movie. While a few real-world destinations like New York’s Times Square and Tokyo’s Ginza district are plastered with outdoor displays, such technology is still too expensive and electricity-hogging to put everywhere. But … Continue reading “Prysm Hopes Laser-Driven Screens Will Outshine LCD, LED Displays”
Gilead Deepens Roots in Seattle, Seeks Long-Term Payoff From Lung Disease Research
Gilead Sciences spent $365 million to get a toehold in Seattle back in 2006, and so far, it has zero U.S. product sales to show for it. That’s made investors antsy, but it hasn’t deterred the world’s second-most valuable biotech company from continuing to bet big on Seattle as part of its plan to diversify … Continue reading “Gilead Deepens Roots in Seattle, Seeks Long-Term Payoff From Lung Disease Research”
Genzyme Reaches Agreement with Activist Investor, Charles River Closes Shrewsbury Lab, Lycera Comes to Cambridge, & More Boston-Area Life Sciences News
It was another crazy-busy week for New England’s life sciences firms, many of which closed small-to-medium sized venture financings. I’ll talk about those as part of Friday’s deals roundup, but in the meantime here are some of the other highlights: —Alnylam Pharmaceuticals CEO John Maraganore told Luke about his vision for the coming “RNA decade,” … Continue reading “Genzyme Reaches Agreement with Activist Investor, Charles River Closes Shrewsbury Lab, Lycera Comes to Cambridge, & More Boston-Area Life Sciences News”
Achieving New Heights in Energy Efficiency in 2010
If 2009 was the year that energy efficiency was elevated from a “nice-to-have” to a “must-have,” then 2010 will be the year that we go from talking about energy efficiency to actually doing something about it. In 2009, everyone was talking about efficiency and the impact it can have on the green economy. Remember President … Continue reading “Achieving New Heights in Energy Efficiency in 2010”
Life Image Garners $2,200,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=527944a2-ea91-4ace-9ea1-f1ac0223331e&Preview=1 Date 1/13/2010 Company Name Life Image Mailing Address One Gateway Center Newton, MA 02458 Company Description Life Image, Inc. is a venture-backed startup company developing Web-based applications and services that help eliminate the problems associated with lack of access to patients’ medical-imaging history.The founders of the company are veterans of this … Continue reading “Life Image Garners $2,200,000 New Financing”
Visible Technologies Secures $22,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5185be87-62af-413e-ac98-35c7d9785db4&Preview=1 Date 1/13/2010 Company Name Visible Technologies Mailing Address 3535 Factoria Blvd SE Bellevue, WA 98006 Company Description Visible Technologies empowers companies to track, analyze and participate in consumer-generated media to drive their business forward. Their innovative TruCast™ platform is the industry’s first complete solution for social media analysis and participation. Visible … Continue reading “Visible Technologies Secures $22,000,000 Series C Funding”
EcoSynthetix Secures $10,100,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aee15677-9ce7-43e6-aca0-f6e2ec2132b2&Preview=1 Date 1/13/2010 Company Name EcoSynthetix Mailing Address 3900 Collins Road Lansing, MI 48910 Company Description The company’s mission is to be the world’s leading supplier of biolatex™ emulsions helping our customers reduce their reliance on petroleum-based products. Website http://www.ecosynthetix.com Transaction Type Venture Equity Transaction Amount $10,100,000 Transaction Round Undisclosed Proceeds Purposes … Continue reading “EcoSynthetix Secures $10,100,000 New Funding Round”
VirtualLogix Garners New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=36512fc0-a75d-4aa6-9b6e-0deaa0cb67fb&Preview=1 Date 1/13/2010 Company Name VirtualLogix Mailing Address 292 Gibraltar Drive Building 104 Sunnyvale, CA 94089 Company Description VirtualLogix™, Inc. is the global leader in Real-Time Virtualization™ technology for connected devices. VirtualLogix VLX enables multiple operating system environments to run concurrently on shared hardware and provides a range of performance, fault tolerance … Continue reading “VirtualLogix Garners New Financing”
GetSatisfaction Lands $2,300,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f4b8ce26-96ee-4ff5-9e6d-602776ee3b4d&Preview=1 Date 1/13/2010 Company Name GetSatisfaction Mailing Address 164 South Park Street San Francisco, CA 94107 Company Description Satisfaction is people-powered customer service for absolutely everything. More specifically, though, it’s a place where communities of customers come together to answer each others questions, share ideas with each other or with an organization, … Continue reading “GetSatisfaction Lands $2,300,000 New Round”
Broadway Networks Lands $954,589 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f5acfa67-b458-4dae-9688-704c23f6b20c&Preview=1 Date 1/13/2010 Company Name Broadway Networks Mailing Address 1754 Technology Drive San Jose, CA 95110 Company Description Broadway Networks, founded in 2006 and headquartered in San Jose, is a VC backed company developing next-generation optical subsystems for access network applications. The company has a wholly owned subsidiary in Tsinghua Science Park … Continue reading “Broadway Networks Lands $954,589 New Financing Round”
BridgeLux Lands $50,000,000 Series D Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=67e609a1-6aa4-44cb-8e8a-804deaf2b998&Preview=1 Date 1/13/2010 Company Name BridgeLux Mailing Address 1170 Sonora Court Sunnyvale, CA 94086 Company Description BridgeLux is a leading developer and provider of high power indium gallium nitride light emitting diodes (InGaN LEDs) which provide an efficient, reliable source of blue, green, or white light in various solid state lighting, mobile … Continue reading “BridgeLux Lands $50,000,000 Series D Round”
NeoPhotonics Corporation Receives $8,900,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=14b08ba3-1c82-4752-883c-ddbf67a78571&Preview=1 Date 1/13/2010 Company Name NeoPhotonics Corporation Mailing Address 2911 Zanker Road San Jose, CA 95134 Company Description NeoPhotonics has the broadest and deepest set of technologies for fiber optical circuits, modules and subsystems in the optical communications industry. Website http://www.neophotonics.com Transaction Type Venture Equity Transaction Amount $8,900,000 Transaction Round Undisclosed Proceeds … Continue reading “NeoPhotonics Corporation Receives $8,900,000 New Financing Round”
PlantSense Secures $1,380,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dff0f873-588a-4a00-9b40-ea86b2a9b8cc&Preview=1 Date 1/13/2010 Company Name PlantSense Mailing Address 205 13th Street San Francisco, CA 94103 Company Description PlantSense Inc., a San Francisco-based provider of Internet-enabled gardening tools. Website http://www.plantsense.com Transaction Type Venture Equity Transaction Amount $1,380,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Undisclosed
iForem Secures $2,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=491d2467-bea5-4f18-8d5d-f3f5f47bea70&Preview=1 Date 1/13/2010 Company Name iForem Mailing Address 350 Marine Parkway Redwood Shores, CA 94065 Company Description iForem Inc. offers online storage and financial management services. Website http://www.iforem.com Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Gabriel Venture Partners
Correctnet Garners $3,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ba9d9130-3130-4acb-9297-4fb468b5ffa9&Preview=1 Date 1/13/2010 Company Name Correctnet Mailing Address 200 Motor Parkway Hauppauge, NY 11788 Company Description CorrectNet is one of today’s leading innovators in harnessing data to power critical reporting and process automation solutions. The firm has established an enviable track record of providing enterprise data management and reporting solutions to the … Continue reading “Correctnet Garners $3,000,000 New Funding”
DataSphere and Halosource Get Funded, Sage Signs Up Pfizer, Zymo Raises $90M, & More Seattle-Area Deals News
2010 is off to a pretty fast start in terms of Northwest deals. We’ve already seen a lot of action in biotech, software, and cleantech. —Seattle-based InstantService, a provider of live chat services, was acquired by Art Technology Group (NASDAQ: [[ticker:ARTG]]) of Cambridge, MA, an e-commerce software firm, for $17 million in cash, as Wade … Continue reading “DataSphere and Halosource Get Funded, Sage Signs Up Pfizer, Zymo Raises $90M, & More Seattle-Area Deals News”
Covario Acquires Netconcepts
San Diego’s Covario, a venture-backed startup in Web-based search engine optimization (SEO) and interactive marketing analytics for big companies, says it has acquired Netconcepts, a Madison, WI-based specialist in SEO for retailers and e-commerce websites. Financial terms were not disclosed. In a joint statement issued by the two companies, Covario CEO Russ Mann says by … Continue reading “Covario Acquires Netconcepts”
Quidel Buys Diagnostic Hybrids for $130M
San Diego-based Quidel (NASDAQ:[[ticker:QDEL]]), which makes medical diagnostic tests used at the point-of-care, says it is paying $130 million in cash to acquire Athens, OH-based Diagnostic Hybrids, a privately held maker of medical diagnostic tests for hospitals and laboratories. Diagnostic Hybrids, founded in 1983, was spun out from Ohio University, and the university’s fund-raising arm … Continue reading “Quidel Buys Diagnostic Hybrids for $130M”
Joule Selects Texas for Ethanol Facility
Joule Biotechnologies, a Cambridge, MA-based developer of fuels and chemicals in a process that mimics photosynthesis, today confirmed a newspaper report in the Leander Ledger from last month that it is leasing property in Leander, TX, for its pilot ethanol plant. A company spokeswoman said that the lease on the property near Austin became official … Continue reading “Joule Selects Texas for Ethanol Facility”
ATG Acquires InstantService
Art Technology Group (NASDAQ: [[ticker:ARTG]]), the Cambridge, MA-based provider of e-commerce software and services, announced today that it has acquired Seattle-based InstantService, which offers SaaS-based live chat services, for $17 million in cash. ATG said the acquisition will make it easier for its clients to offer live text-based chat with customer service agents as an … Continue reading “ATG Acquires InstantService”
UCSD Business School Launches Student-Assisted Venture Fund
Entrepreneurs scratching to find sources of startup capital in San Diego will soon be getting help from an unexpected source. The Rady School of Management at UC San Diego says it is launching its own venture fund that will use donor funds to make investments of $75,000 to $100,000 in startups commercializing new technologies. The … Continue reading “UCSD Business School Launches Student-Assisted Venture Fund”