Cisco Systems, Inc. Acquires Pure Networks, Inc. for $120,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ffbfd0eb-df01-425f-8e0b-22044c9a26b5&Preview=1 Date 7/23/2008 Company Name Pure Networks, Inc. Mailing Address 1201 3rd Avenue Seattle, WA 98101 Company Description Pure Networks, Inc. is the leading creator of home networking software and services. Website http://www.purenetworks.com Transaction Type M&A Transaction Amount $120,000,000 Transaction Round Proceeds Purposes M&A Terms Under the terms of the agreement, Cisco … Continue reading “Cisco Systems, Inc. Acquires Pure Networks, Inc. for $120,000,000”

Impact Radius Inc. Secures $2,500,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bf442dc1-b11c-4171-8f9d-78d5a63316dc&Preview=1 Date 7/23/2008 Company Name Impact Radius Inc. Mailing Address 11661 San Vicente Blvd Los Angeles, CA 90049 Company Description Estalea isn’t the first company with new ideas. We didn’t write the book on technology. So what makes us formidable? Experience. We understand that visionary ideas are nothing without great technology. And … Continue reading “Impact Radius Inc. Secures $2,500,000 Series B Financing Round”

DocVerse Lands $1,300,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=07614d17-9135-4237-9ccc-b8d67d7be04b&Preview=1 Date 7/23/2008 Company Name DocVerse Mailing Address 340 Brannan Street San Francisco, CA 94107 Company Description DocVerse has a world-class advisory team consisting of thought-leaders from organizations including EMC Documentum, Microsoft, and others. Website http://www.docverse.com Transaction Type Venture Equity Transaction Amount $1,300,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “DocVerse Lands $1,300,000 New Funding Round”

Good Data Lands $2,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b9fb412e-1e30-47f1-9a45-d8f3a6cfb1c7&Preview=1 Date 7/23/2008 Company Name Good Data Mailing Address 989 Market Street San Francisco, CA 94103 Company Description Good Data Corporation was founded with the mission to provide a platform for collaborative analytics. We believe that sharing and teamwork allows our users to move past isolated reports and arrive at the true … Continue reading “Good Data Lands $2,000,000 New Funding Round”

WBBA Hires Two Executives To Nurture Biotech Startups

The Washington Biotechnology and Biomedical Association, the state’s biotech industry trade group, has hired Joe Sasenick and Dick Haiduck as part-time life sciences commercialization consultants to help nurture more startups in the state. Sasenick is a consultant that helps companies identify corporate board members, and Haiduck is currently “Partner to the CEO” of Cytopia and … Continue reading “WBBA Hires Two Executives To Nurture Biotech Startups”

Daily TIPs: Open Net, Mapping Soil, Socket to Me, & More

ISPs Should Not Control Net Traffic, FCC Hears Internet users don’t want broadband providers to slow down peer-to-peer traffic or track what users are doing online, people speaking at a public hearing in Pittsburgh told the Federal Communications Commission. PC World reports that speakers at the hearing want the FCC to take action against providers … Continue reading “Daily TIPs: Open Net, Mapping Soil, Socket to Me, & More”

GT Solar Set to Break IPO Drought

The long-delayed initial public offering for Merrimack, NH-based GT Solar International is scheduled to go forward on Thursday—and so many investors are interested in the company that the offering is already oversubscribed, according to Ben Holmes, publisher at research firm Morningnotes. The stock will trade on the NASDAQ exchange under the ticker symbol SOLR. According … Continue reading “GT Solar Set to Break IPO Drought”

Infinity Adds Two New Members To Board of Directors

Infinity Pharmaceuticals, (NASDAQ: [[ticker:INFI]]) a Cambridge, MA-based developer of cancer drugs, said today it has added two new members to its board, Martin Babler and Ian Smith. Babler is CEO of Talima Therapeutics, a privately-held drug delivery company in San Carlos, CA, and previously held senior marketing positions at Genentech (NYSE: [[ticker:DNA]]). Smith is chief … Continue reading “Infinity Adds Two New Members To Board of Directors”

Ballard Power, IdaTech Sign Supply Deal For Backup Power Systems

Ballard Power, a Burnaby, BC-based maker of hydrogen fuel cell products, said it has signed a three-year agreement to supply fuel cells to become part of Bend, OR-based IdaTech’s methanol-fuelled backup power system. The system, called ElectraGen, will offer 3 kilowatts or 5 kilowatts of power, enough for days of backup, instead of hours, to … Continue reading “Ballard Power, IdaTech Sign Supply Deal For Backup Power Systems”

thePlatform Partners with Time Warner Cable

Seattle-based thePlatform announced that it will manage and publish video content and advertising for Time Warner Cable’s Road Runner website, which offers programming from HBO, CNN, and other sources. Time Warner Cable, the second-largest cable operator in the U.S., also gets access to thePlatform’s media player tools. A subsidiary of Comcast, thePlatform handles the logistics … Continue reading “thePlatform Partners with Time Warner Cable”

Biogen Idec, Elan Say More Than 31,800 Patients Taking Tysabri For MS

Cambridge, MA-based Biogen Idec and its Irish partner, Elan, said today their multiple sclerosis drug Tysabri is being taken by more than 31,800 patients worldwide, and no new cases of the brain infection called PML have been detected since the drug was brought back to the U.S. market two years ago. Biogen (NASDAQ: [[ticker:BIIB]]) is … Continue reading “Biogen Idec, Elan Say More Than 31,800 Patients Taking Tysabri For MS”

Geospiza Gets University of Florida to Buy New Software

Geospiza, the Seattle-based maker of software to support biological research, said today the University of Florida’s Interdisciplinary Center for Biotechnology Research has bought GeoSpiza’s FinchLab to help sort through data from next-generation gene sequencing tools. The university is a longtime customer, and first started using Geospiza’s products eight years ago. The privately-held company has been … Continue reading “Geospiza Gets University of Florida to Buy New Software”

MobileSphere Exec Says Slydial “Combats Technology with Technology”

After I published my piece this morning on Slydial—the new service that lets you leave voicemail messages for mobile phone users without making their phone ring—I had a chance to talk briefly with Gavin Macomber, executive vice president of marketing and business development at MobileSphere, the Boston-based startup behind the service. I’m pretty incredulous about … Continue reading “MobileSphere Exec Says Slydial “Combats Technology with Technology””

Epix Unveiling Full Alzheimer’s Results at Medical Meeting, No More Surprises

Epix Pharmaceuticals is having a wild year with its Alzheimer’s drug development program. Shares in the Lexington, MA-based company (NASDAQ: [[ticker:EPIX]]) shot up 35 percent in one day in December after it said its drug produced one of the best improvements ever in memory and thinking skills for Alzheimer’s patients in a clinical trial. One … Continue reading “Epix Unveiling Full Alzheimer’s Results at Medical Meeting, No More Surprises”

Google Forging Connections with University of Washington

Last week, the University of Washington’s Computer Science and Engineering department hosted a special workshop sponsored by Google and the National Science Foundation. The goal of the three-day program was to instruct professors on how to teach Google-style computing—which includes harnessing huge amounts of digital data and doing “cluster computing” over large-scale, networked servers. The … Continue reading “Google Forging Connections with University of Washington”

Slydial Voicemail Service Offers “The Illusion of Communication”

Sartre said “Hell is other people.” A local startup seems to be banking on that sentiment. Here’s the paradox that Boston-based MobileSphere is exploiting: We all want to own a cell phone. But a lot of the time, we don’t actually want to talk with our friends, family, co-workers, and all of those other people … Continue reading “Slydial Voicemail Service Offers “The Illusion of Communication””

Northwest Biotech Startups Can Get Talent and Venture Bucks, But UW Could Use Some Culture Shock, CEOs Say

Tom Ranken is the first to admit he can get a bit ornery on the subject of venture capital in the Northwest. “It used to make me foam at the mouth when VCs would say there’s plenty of money out there and all the good ideas get funded,” he says. But now Ranken, the former … Continue reading “Northwest Biotech Startups Can Get Talent and Venture Bucks, But UW Could Use Some Culture Shock, CEOs Say”

Biogen Idec Isn’t Sweating Possible Sale of Genentech to Roche

Big biotech news came yesterday from Basel, Switzerland, where pharmaceutical giant Roche announced an unsolicited $43.7 billion bid to buy the rest of South San Francisco-based Genentech (NYSE: [[ticker:DNA]]) that it doesn’t already own. The news has a ripple effect in Massachusetts for smaller biotechs that have partnerships with Genentech, the industry’s pioneering company. That … Continue reading “Biogen Idec Isn’t Sweating Possible Sale of Genentech to Roche”

EMC’s Flagship Document Software Wakes Up to Web 2.0

The news today out of Hopkinton, MA-based EMC (NYSE: [[ticker:EMC]]) is that Documentum, the company’s massive software suite for managing business content from e-mail to HR forms to press releases, is getting the beginnings of a Web 2.0 facelift, with new features such as tagging, ranking, groups, Twitter-like messaging, and a vastly improved user interface … Continue reading “EMC’s Flagship Document Software Wakes Up to Web 2.0”

Boeing Acquires Insitu, Inc. for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ad014968-7253-4ac8-968b-bfb1f7b2d349&Preview=1 Date 7/22/2008 Company Name Insitu, Inc. Mailing Address 118 East Columbia River Way Bingen, WA 98605 Company Description Insitu leads in the design, development and production of small autonomous aircraft for Unmanned Aircraft Systems (UAS), including advanced integrated command, control, and video tools for Intelligence, Surveillance and Reconnaissance (ISR). Website http://www.insitu.com … Continue reading “Boeing Acquires Insitu, Inc. for Undisclosed Sum”

ChipX Garners $4,000,000 Series B Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=593315b9-1bc9-40ca-9935-0c9b23f48f22&Preview=1 Date 7/22/2008 Company Name ChipX Mailing Address 2323 Owen Street Santa Clara, CA 95054 Company Description ChipX, Inc. is a leading Analog and mixed-signal ASIC company with unique technology that allows you to reduce the cost, development cycle and risk associated with complex SoC/ASIC designs. ChipX provides the widest range of … Continue reading “ChipX Garners $4,000,000 Series B Round”

ResponseLogix Obtains $8,000,000 Series A Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=739b2c30-159f-4496-97e0-3e4daa608db4&Preview=1 Date 7/22/2008 Company Name ResponseLogix Mailing Address 932 Hamlin Ct Sunnyvale, CA 94089 Company Description ResponseLogix is a start-up headquartered in Sunnyvale, CA. Our business has been incubated on the premises of Toyota Sunnyvale, a Top-25 Internet dealership. As a result, we have directly experienced the impact of a quick, relevant … Continue reading “ResponseLogix Obtains $8,000,000 Series A Funding”

Amitive Obtains $4,000,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=24a8cce2-9ed7-4f3a-879a-a9917ac0e8e1&Preview=1 Date 7/22/2008 Company Name Amitive Mailing Address 1400 Fashion Island Blvd San Mateo, CA 94404 Company Description Mitrix, Inc., a provider of on-demand supply chain management software solutions for distributors, manufacturers, retailers, and logistics services providers. Website http://www.mitrix.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Series A Proceeds Purposes … Continue reading “Amitive Obtains $4,000,000 Series A Round”

Conformia Software Secures $2,950,000 Series D Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=36ab2a99-0e99-42d0-ad76-db29374b2b06&Preview=1 Date 7/22/2008 Company Name Conformia Software Mailing Address 150 Mathilda Place Sunnyvale, CA 94086 Company Description Conformia develops and markets Product Conformance Management (PCM) software solutions. This enables businesses to simultaneously monitor and improve scientific innovation, business performance, production and compliance goals. Website http://www.conformia.com Transaction Type Venture Equity Transaction Amount $2,950,000 … Continue reading “Conformia Software Secures $2,950,000 Series D Round”

Cell Therapeutics Says It’s Running Low on Cash

Cell Therapeutics is running seriously low on fuel. The Seattle-based biotech company, which has run up an accumulated deficit of $1.2 billion in its 17-year history, said late Friday in a regulatory filing it doesn’t have enough cash to operate the next 30 days, and needs to raise new capital immediately. The company had cash … Continue reading “Cell Therapeutics Says It’s Running Low on Cash”

Daily TIPs: Broadband Head Fake?, Hackable Passports, Windy Texas, & More

World Needs Environmental New Deal, Group Says The world needs a clean energy version of Franklin Roosevelt, says “A New Green Deal,” a report issued by the New Economics Foundation. Reuters reports that the foundation is calling for world leaders to emulate “the scale, boldness, and vision” of Roosevelt’s response to the Great Depression. The … Continue reading “Daily TIPs: Broadband Head Fake?, Hackable Passports, Windy Texas, & More”

At OSCON, Novell Relaunches ICEcore as Kablink

In February, Waltham, MA-based Novell acquired SiteScape, a Maynard, MA startup that had created an open-source Web conferencing platform called ICEcore. At the OSCON 2008 open source conference today in Portland, OR, Novell announced that it’s spinning off ICEcore as an independent project under a new name, Kablink. The Kablink software, which has new workflow … Continue reading “At OSCON, Novell Relaunches ICEcore as Kablink”

Philips Electronics to Move U.S. Headquarters to Massachusetts

The giant Dutch company Philips Electronics will move its North American headquarters from New York City to Andover, MA, according to reports in Andover’s Eagle Tribune and the Boston Globe. The move is expected to be announced at a press conference with representatives from Philips and governor Deval Patrick tomorrow. Philips’ healthcare division has had … Continue reading “Philips Electronics to Move U.S. Headquarters to Massachusetts”

30 Startup Ideas from Y Combinator

Fresh out of ideas for your next technology startup? No worries—investor/programmer/Web guru Paul Graham, founder of the Cambridge, MA, and Mountain View, CA-based Y Combinator startup incubator, published a handy list this weekend of 30 niches waiting to be filled by clever entrepreneurs. Graham says he published the list because the ideas represent the kind … Continue reading “30 Startup Ideas from Y Combinator”

Venture Activity in Washington State Picks Up in Second Quarter, Surpasses 2007 Levels

Pacific Northwest venture deals are making a comeback of sorts. Second-quarter investment numbers for Washington are up compared with the same period last year, according to data released over the weekend by Dow Jones VentureSource. In the second quarter of 2008, there were 25 venture deals in Washington worth a total of $302 million—an 8.7 … Continue reading “Venture Activity in Washington State Picks Up in Second Quarter, Surpasses 2007 Levels”

BioEnergy International Acquires Assets of OmniGene Bioproducts

BioEnergy International, a privately-held developer of biofuels and renewable biochemicals based in Quincy, MA, said it has acquired certain assets from Cambridge, MA-based OmniGene Bioproducts. The acquisition gives BioEnergy skilled employees in molecular biology, cell biology and fermentation technology, the company said. Financial terms of the agreement weren’t disclosed.

Best Practices for Corporate Blogging

A Meetup meetup for people interested in how to use blogs more effectively for corporate communication. From the event description: “07:00 – 07:30 Self Introduction, exchange business cards 07:30 – 08:00 Best Practices for Corporate Blogging – Presenter: Zach Hofer-Shall, a Social Media Consultant 08:00 – Discussion, networking We are fortunate to have a social … Continue reading “Best Practices for Corporate Blogging”

SummerMash Boston

Pete Cashmore, Karen Hartline, and Brett Petersel from Mashable, one of the Web’s leading blogs on social networking and Web 2.0 technology, are doing a six-city summer tour and they’ll be at the Roxy in Boston—hosting drinks, light appetizers, and “a few surprises”—on August 5. Information here.

New England Venture Activity Picks Up Slightly in Second Quarter, but Still Nowhere Near 2007 Levels

Second-quarter venture activity in the New England region recovered somewhat after a tepid first quarter—but was still down significantly compared to the same period a year ago, according to data released over the weekend by Dow Jones VentureSource. Private equity investments by New England venture firms totaled $714 million for the quarter, a 16 percent … Continue reading “New England Venture Activity Picks Up Slightly in Second Quarter, but Still Nowhere Near 2007 Levels”

U.S. Venture Financing Down Slightly in Second Quarter; Solar Energy is One Bright Spot

Reflecting the general economic slowdown, venture investment in U.S. companies decreased moderately in the second quarter of 2008, according to reports released over the weekend by Dow Jones VentureSource, a unit of the financial news giant’s enterprise media group, and by the MoneyTree division of PricewaterhouseCoopers. Total funds shelled out by venture firms in the … Continue reading “U.S. Venture Financing Down Slightly in Second Quarter; Solar Energy is One Bright Spot”

Pathway Wins FDA Approval To Sell Blocked-Artery Buster

Christmas has come in July for Pathway Medical Technologies. The privately-held maker of medical devices in Kirkland, WA, has won FDA approval to market its first product in the U.S., a drill that cuts and vacuums out blockages in leg arteries. CEO Tom Clement had an antsy look on his face last Wednesday, like a … Continue reading “Pathway Wins FDA Approval To Sell Blocked-Artery Buster”

Web Innovators Group 19

The latest incarnation of David Beisel’s festival of pre-venture-funded startups. Main dish presenters: Givvy – John Treadway Brring – Rob Carney Pixily – Prasad Thammineni, Vikram Kumar, Anand Rajaram Side dish presenters: TuneRooms – Matt Falkowski, Kevin Gardiner, Erik Symonds PeopleAhead – Thomas Chevalier, Carlos Larracilla JobVent – Craig Spitzkoff VendorCity – JC Cameron OpenVote … Continue reading “Web Innovators Group 19”

Yet Another $1 Billion for Evergreen Solar, Alnylam and Novartis Extend Alliance, & More Deals

I’m running out of “green” jokes to use in headlines describing the steady march of cash toward Evergreen Solar’s coffers. The latest example of that, plus a surprising number and variety of venture financings and other deals for one summer week, below. —Evergreen Solar (NASDAQ: [[ticker:ESLR]]) announced yet another large, long-term order for the photovoltaic … Continue reading “Yet Another $1 Billion for Evergreen Solar, Alnylam and Novartis Extend Alliance, & More Deals”

Massachusetts Global Warming Legislation: Economic Drag or Stimulant?

In case anyone didn’t get the memo, energy prices are going up. This trend will most likely continue for two very simple reasons: Worldwide energy demand is rising, and global fossil fuel supplies are tightening. Add to this the need for critical action on the part of all nations to reduce their greenhouse gas (GHG) … Continue reading “Massachusetts Global Warming Legislation: Economic Drag or Stimulant?”

CambridgeSoft Corporation Receives $21,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3833d33f-7898-45fa-a824-c8770568de86&Preview=1 Date 7/21/2008 Company Name CambridgeSoft Corporation Mailing Address 100 CambridgePark Drive Cambridge, ME 02140 Company Description CambridgeSoft’s products are used primarily in the pharmaceutical, biotechnology and chemical industries, as well as in higher education and in academic and government research. The company’s principal software offering, Chem & Bio Office, which includes … Continue reading “CambridgeSoft Corporation Receives $21,000,000 New Financing Round”

DepotPoint Lands $7,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a3736878-a55b-40a0-bcbe-3074c83fed2a&Preview=1 Date 7/21/2008 Company Name DepotPoint Mailing Address 1406 140th Place NE Bellevue, WA 98007 Company Description DepotPoint’s vision is to be the leading provider of technologies that optimize the tracking, recording, and management of property related data. The company utilizes its centralized workflow and tracking technology to create solutions for participants … Continue reading “DepotPoint Lands $7,000,000 New Financing”

HaloSource, Inc. Receives $11,500,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5f61227b-5f39-4038-967e-e9da95b1931f&Preview=1 Date 7/21/2008 Company Name HaloSource, Inc. Mailing Address 1631 220th Street SE Bothell, WA 98021 Company Description HaloSource health science technologies focus on antimicrobial and disease prevention solutions that reliably and effectively kill germs. For partners that want competitive differentiation through unique proprietary technologies, HaloSource provides reliable, tested and proven solutions … Continue reading “HaloSource, Inc. Receives $11,500,000 New Round”

GumGum Inc. Obtains $500,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=859b1b47-1d3a-4af3-9371-9a35d31d6b32&Preview=1 Date 7/21/2008 Company Name GumGum Inc. Mailing Address 225 Santa Monica Blvd. Santa Monica, CA 90401 Company Description GumGum is a licensing and distribution platform for online content. We believe paying a flat rate to license content for online use is illogical. Offline, the flat rate model works because distribution is … Continue reading “GumGum Inc. Obtains $500,000 Series A Funding Round”

Rohati Systems Obtains $12,000,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4e030b4f-18e8-447c-bce7-1396b75bff91&Preview=1 Date 7/21/2008 Company Name Rohati Systems Mailing Address 1192 Borregas Avenue Sunnyvale, CA 94089 Company Description Rohati Systems, Inc., is the leader in high-performance Network-Based Entitlement Control (NBEC). Rohati solutions quickly and cost-effectively enable companies to define and enforce access and entitlement policies across all applications and classes of users from … Continue reading “Rohati Systems Obtains $12,000,000 Series B Funding”

GreenRoad Secures $3,000,000 Series C Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c0326f89-2108-413c-b6f0-e51fc68060de&Preview=1 Date 7/21/2008 Company Name GreenRoad Mailing Address 3 Twin Dolphin Drive Redwood Shores, CA 94065 Company Description GreenRoad develops driver safety and risk management technologies that reduce accident rates and lower costs. Our solutions empower drivers to manage their own safety by giving instantaneous, in-vehicle feedback—without privacy invasions. As a result, … Continue reading “GreenRoad Secures $3,000,000 Series C Funding Round”

Qumu Receives $10,700,000 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7ba6f1f4-2725-459b-8bfd-f74d0afacdac&Preview=1 Date 7/21/2008 Company Name Qumu Mailing Address 1100 Grundy Lane San Bruno, CA 94066 Company Description Qumu’s software solution enables organizations to easily capture, manage, publish and distribute live and on-demand video content while leveraging existing IT infrastructure. Website http://www.qumu.com Transaction Type Venture Equity Transaction Amount $10,700,000 Transaction Round Series C … Continue reading “Qumu Receives $10,700,000 Series C Financing Round”

WTIA’s Summer Social: Busy Times, Hating Starbucks, and an Offer I Can’t Refuse

“The only tall blonde women in Seattle are recruiters.” This and other astute observations from Aviel Ginzburg—by day, a mild-mannered developer at Seattle-based Appature, and by night, head of the underground startup Timelope. Looking around at the tech-networking crowd, I had to say he was right so far. While Luke was hobnobbing at the WBBA … Continue reading “WTIA’s Summer Social: Busy Times, Hating Starbucks, and an Offer I Can’t Refuse”