Power Assure Receives New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1b9ab8b4-0909-4ec8-8e51-a1aed60b7ea7&Preview=1 Date 9/7/2011 Company Name Power Assure Mailing Address 2394 Walsh Avenue Santa Clara, CA 95051 Company Description Power Assure develops and delivers business automation software that reduces energy use and carbon emissions in commercial, corporate, and government data centers. The company’s software platform intelligently manages data center server capacity in real … Continue reading “Power Assure Receives New Round”

InternMatch Receives $500,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf195577-263a-4537-8e27-b4a30aaec5e5&Preview=1 Date 9/7/2011 Company Name InternMatch Mailing Address 425 2nd St San Francisco, CA 94107 Company Description InternMatch is an online ecosystem committed entirely to internships. Website http://www.internmatch.com Transaction Type Venture Equity Transaction Amount $500,000 Transaction Round Undisclosed Proceeds Purposes InternMatch is launching Community Pages with a number of well-known companies including … Continue reading “InternMatch Receives $500,000 New Round”

SAP Acquires Right Hemisphere for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=289a2017-d67f-40ef-a005-b6b33175aaf3&Preview=1 Date 9/7/2011 Company Name Right Hemisphere Mailing Address 3130 Crow Canyon Place San Ramon, CA 94583 Company Description Right Hemisphere’s Service & Support solution shortens maintenance and service times through condition-based maintenance and highly graphical, visually accurate, interactive procedures. Website http://www.righthemisphere.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes … Continue reading “SAP Acquires Right Hemisphere for Undisclosed Sum”

Hitachi Data Systems Acquires BlueArc for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9ea384e9-c227-47c0-8d20-f12451cd1e05&Preview=1 Date 9/7/2011 Company Name BlueArc Mailing Address 50 Rio Robles Dr. San Jose, CA 95134 Company Description BlueArc Corporation changes the economics of network storage by helping customers manage more information with less effort. BlueArc’s Titan storage systems enable organizations to maximize performance and reduce operating costs through the movement of … Continue reading “Hitachi Data Systems Acquires BlueArc for Undisclosed Sum”

H.BLOOM Obtains $4,700,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=35ad0e27-30cb-433b-bb8a-4dea087e7724&Preview=1 Date 9/7/2011 Company Name H.BLOOM Mailing Address 20 W. 22nd St. New York, NY 10010 Company Description H.BLOOM (www.hbloom.com) launched in February 2010 to provide luxurious flowers at affordable prices. Delivering directly to the home or business, H.BLOOM makes it convenient and easy to regularly enjoy extraordinary flowers. Website http://www.hbloom.com Transaction … Continue reading “H.BLOOM Obtains $4,700,000 New Financing”

Valen Technologies Lands $7,500,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=766cbd19-49fa-4291-a6bd-345c08364a40&Preview=1 Date 9/7/2011 Company Name Valen Technologies Mailing Address 1730 Blake Street Denver, CO 80202 Company Description Valen currently focuses on the insurance industry, and will use this experience as a springboard for its expansion into other industries. Website http://www.valen.com Transaction Type Venture Equity Transaction Amount $7,500,000 Transaction Round Undisclosed Proceeds Purposes … Continue reading “Valen Technologies Lands $7,500,000 New Financing”

Port of San Francisco Shuts Down Pier 38 Tech Hub—Dogpatch Labs, True Ventures, Automattic Soon to Be Homeless

In a blog post today, Ryan Spoon of Polaris Ventures shared some pretty awful news for the tech startup community in San Francisco. The vibrant collection of startups and related tech firms occupying Pier 38 will have to clear out of the funky but aging structure by the end of September, thanks to a condemnation … Continue reading “Port of San Francisco Shuts Down Pier 38 Tech Hub—Dogpatch Labs, True Ventures, Automattic Soon to Be Homeless”

TechCrunch and CrunchFund: The Conflict-of-Interest Controversy

Is TechCrunch coming apart at the seams, or is it simply going through a leadership transition? Are we witnessing the breakdown of an ill-conceived marriage, or do the events of the last few days amount to publicity ploy—a Britney Spears-style public meltdown, cynically designed to keep the media spotlight fixed in the company’s direction ahead … Continue reading “TechCrunch and CrunchFund: The Conflict-of-Interest Controversy”

Sprint Joins Antitrust Fight with New Lawsuit Against AT&T’s T-Mobile Bid

[Updated at 3:30 pm Pacific with details, AT&T response] Sprint (NYSE: [[ticker:S]]) was already cheering the federal government’s antitrust lawsuit against competitor AT&T’s $39 billion bid to acquire Bellevue, WA-based T-Mobile USA. Now, the third-place U.S. wireless carrier is putting some skin in the game with its own, separate civil suit, filed today in federal … Continue reading “Sprint Joins Antitrust Fight with New Lawsuit Against AT&T’s T-Mobile Bid”

Big Fish Gets New CFO from Amazon

Seattle casual games company Big Fish Games has added a former Amazon.com vice president as its new chief financial officer. David Stephenson replaces Michael Vernon, who left BigFish in May to join fast-growing Seattle daily-deal startup Zulily. Stephenson worked at Amazon (NASDAQ: [[ticker:AMZN]]) for 11 years, most recently serving as vice president of finance for … Continue reading “Big Fish Gets New CFO from Amazon”

Lead Syndax Drug Shows Survival Benefits in Breast Cancer Trial

Just two months after reporting positive data from a clinical trial of its lead drug candidate in lung cancer, Waltham, MA-based Syndax said today that the same drug performed well in a Phase 2 breast cancer trial. Results from the trial of the drug, called entinostat, will be presented at the American Society of Clinical … Continue reading “Lead Syndax Drug Shows Survival Benefits in Breast Cancer Trial”

Vlingo Lawsuit Charges Nuance With Unfair Competition and Commercial Bribery

A new front has been opened in the longstanding legal war between two Massachusetts speech technology powerhouses. On Thursday, Cambridge, MA-based Vlingo filed a lawsuit in U.S. District Court of Massachusetts charging its much bigger archrival with unfair competition, commercial bribery, breach of contract, and intentional interference with prospective business relationships. Among its chief allegations … Continue reading “Vlingo Lawsuit Charges Nuance With Unfair Competition and Commercial Bribery”

Arctaris Capital Partners Ventures Into Detroit

Why would Waltham, MA-based Arctaris Capital Partners, a venture capital firm seeking new approaches to investment in a post-recession market, choose to open an office in the city that, in the media at least, often serves as the poster child for the carnage wrought by the shrinking American economy? “We started in Detroit 18 months … Continue reading “Arctaris Capital Partners Ventures Into Detroit”

San Diego Life Sciences Leaders Show Support for Governor’s Tax Changes

San Diego’s life sciences and biomedical communities showed their support today for California Gov. Jerry Brown’s tax plan, which he has offered as a way to promote statewide job growth by closing a “toxic tax loophole” and offering other incentives for companies to add jobs. “The majority of Biocom’s members are smaller companies within Southern … Continue reading “San Diego Life Sciences Leaders Show Support for Governor’s Tax Changes”

Tuesday Funding Roundup: Lanyrd, Mashape, Clean Power Finance

Regular visitors to the Xconomy website may have noticed that we recently killed off the “News Xpress” box at the top of each city’s home page. The news that formerly appeared there—mostly notices of venture investments, mergers & acquisitions, and the like—will now show up in the main news stream, alongside our regular features. But … Continue reading “Tuesday Funding Roundup: Lanyrd, Mashape, Clean Power Finance”

Theraclone Nabs Industry Award, Scopes Out Extra $10M Financing

Seattle-based Theraclone Sciences is enjoying a moment in the national biotech spotlight today, just as it happens to be on the prowl for some new cash. Theraclone was honored today as one of the Fierce 15, an annual award that the trade publication FierceBiotech gives out to 15 emerging biotech companies around the world. In … Continue reading “Theraclone Nabs Industry Award, Scopes Out Extra $10M Financing”

PTC Acquires 4CS for Warranty Management Software

PTC (NASDAQ: [[ticker:PMTC]]), the Needham, MA-based product development software maker, said today that it has acquired East Moline, IL-based 4CS, a maker of software for warranty and service management. The financial terms of the deal were not announced. PTC said the 4CS technology will work with its existing product lines that enable manufacturers to keep … Continue reading “PTC Acquires 4CS for Warranty Management Software”

Google Ventures, Zurb, MyPad: The 1-Minute Version of Last Week’s Bay Area BizTech News

In the run-up to the long weekend, we churned out a few of our patented long stories. —My big opus for the week was a writeup of a lengthy conversation with Bill Maris, the managing partner at Google Ventures. Maris shared insights about Google Ventures’ founder-friendly operating philosophy and its roots in his own experiences … Continue reading “Google Ventures, Zurb, MyPad: The 1-Minute Version of Last Week’s Bay Area BizTech News”

AT&T, T-Mobile, Decide: The 1-Minute Week in Seattle Tech Headlines

—The federal government’s surprise lawsuit to block the $39 billion merger of AT&T and T-Mobile dominated the region’s tech headlines last week, and the fallout will continue to turn heads for the rest of the year (and maybe beyond). I deconstructed the Justice Department’s arguments in this post, which is kind of a Cliff’s Notes … Continue reading “AT&T, T-Mobile, Decide: The 1-Minute Week in Seattle Tech Headlines”

Goby Bought by TeleNav; Watkins and Team to Keep Working on Location-Based Content

Another Boston-area software startup has been snapped up by a West Coast power. Sunnyvale, CA-based TeleNav (NASDAQ: [[ticker:TNAV]]), a location-based services firm, said today it has completed an acquisition of Boston-based Goby, a local and travel search startup that has recently focused on mobile apps. Terms of the deal weren’t given. (The news was buried … Continue reading “Goby Bought by TeleNav; Watkins and Team to Keep Working on Location-Based Content”

Sony Launches Its Tablet, Ortiva Looks to Expand Through Partnerships, Oberon Fuels Lands Deal with SoCalGas, & More San Diego BizTech News

Welcome back from the last long weekend of the summer. Here’s the definitive roundup of all the news you’ll need to start your week. —Sony (ticker: [[NYSE:SNE]]) officially launched its Tablet S, a 9.4-inch tablet computer that includes apps developed by San Diego’s Chumby Industries. The Japanese consumer electronics giant also made it easier for … Continue reading “Sony Launches Its Tablet, Ortiva Looks to Expand Through Partnerships, Oberon Fuels Lands Deal with SoCalGas, & More San Diego BizTech News”

Sam Waksal, Pfizer Venture Investments, and More: Moderator Looks Forward to All-Star Chat at New York Life Sciences 2031

Les Funtleyder, manager of the Miller Tabak Health Care Transformation Fund (MTHFX), recently told Xconomy that in a few years, investors are going to look back and wish they had invested more in healthcare today. That forward-thinking attitude prompted Xconomy to invite Funtleyder to moderate our first public New York event, Life Sciences 2031, a … Continue reading “Sam Waksal, Pfizer Venture Investments, and More: Moderator Looks Forward to All-Star Chat at New York Life Sciences 2031”

Harvest Power, Waste-to-Energy Startup with Big Investors, Buys Coastal Supply

It’s not often that soil and mulch makes the front page of Xconomy. But this is Harvest Power we’re talking about. The Waltham, MA-based cleantech company, which has operations in Seattle and Vancouver, BC, said today it has acquired Coastal Supply, a Delaware-based soil and mulch manufacturer. Terms of the deal weren’t disclosed. But Harvest … Continue reading “Harvest Power, Waste-to-Energy Startup with Big Investors, Buys Coastal Supply”

Extreme Reach, Profitable and Growing Fast, Looks to Go Big with New Financing

Extreme Reach is going through some extreme growth—and it’s about to get very interesting, very fast. The Needham, MA-based video-ad distribution startup is rumored to be raising a large investment round, one that could fuel its rise to become one of the Boston area’s top software startups. OK, advertising tech companies can be deadly boring … Continue reading “Extreme Reach, Profitable and Growing Fast, Looks to Go Big with New Financing”

Dramatic Changes in Hepatitis C Treatment Expected to Continue

Earlier this year the FDA approved telaprevir (Incivek) from Vertex Pharmaceuticals and boceprevir (Victrelis) from Merck for the treatment of hepatitis C. Both agents are protease inhibitors and represent the first approvals of direct acting antivirals for hepatitis C. Direct acting antivirals are a broad class of agents that act to block the growth of … Continue reading “Dramatic Changes in Hepatitis C Treatment Expected to Continue”

Fearless Fantasy Football, Uh, I Mean Biotech, Predictions for the Season Ahead

Football season is getting started this week, and I’m pumped. This is the time millions of people test their wits against friends (and strangers) in fantasy football. For fellow biotech nerds who aren’t familiar, this is a little bit like the stock market—you try to pick a diversified portfolio of pro football players who you … Continue reading “Fearless Fantasy Football, Uh, I Mean Biotech, Predictions for the Season Ahead”

GnuBio Obtains $5,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2a21a7e6-4f40-4b2c-8cdc-0696dddc82a1&Preview=1 Date 9/6/2011 Company Name GnuBio Mailing Address 64 Sidney St. Cambridge, MA 02139 Company Description GnuBIO is a genomics company developing next-generation sequencing technology for the molecular diagnostic and applied research markets. The GnuBIO system is based on emulsion and microfluidic technology developed at Harvard University. Website http://www.gnubio.com Transaction Type Venture … Continue reading “GnuBio Obtains $5,000,000 New Round”

BioRelix Secures $3,644,085 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c4dc9d2f-1888-4b9f-ab22-b88b1665efec&Preview=1 Date 9/6/2011 Company Name BioRelix Mailing Address 5 Science Park 401 Winchester Avenue New Haven, CT 06511-1989 Company Description BioRelix, Inc. is a market-driven company that discovers and develops antibiotics that target pathogens resistant to currently available drugs. BioRelix’ competitive advantage resides in the use of novel patented bacterial RNA targets … Continue reading “BioRelix Secures $3,644,085 New Funding”

General Compression Receives $5,500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e92034c6-b4c7-44f1-a1d3-c73d383b8694&Preview=1 Date 9/6/2011 Company Name General Compression Mailing Address 275 Washington Street Newton, MA 02458 Company Description We are engineers, scientists, investors, and project developers, all committed to expanding clean power. General Compression’s systems are being developed to provide utility-scale storage and firming services for clean energy sources such as wind and … Continue reading “General Compression Receives $5,500,000 New Funding”

Morphlabs Lands $5,000,000 Series C Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0f109b1e-4ee3-47a0-a230-427f17a0d02d&Preview=1 Date 9/6/2011 Company Name Morphlabs Mailing Address 2321 Rosecrans Ave. El Segundo, CA 90245 Company Description Morphlabs solutions enable enterprises and service providers to easily deploy automated and elastic computing infrastructures to support flexible and high performance applications and processes. Website http://www.mor.ph Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round … Continue reading “Morphlabs Lands $5,000,000 Series C Funding Round”

AppFirst Garners $4,000,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f3c0a9ab-0cac-4440-9885-b6fcdba86ac3&Preview=1 Date 9/6/2011 Company Name AppFirst Mailing Address 6 W. 14th Street New York City, NY 10011 Company Description AppFirst was founded in 2009 by industry veterans to solve the gap of operational excellence. There are just a few software companies that have achieved operational excellence but have done so at great … Continue reading “AppFirst Garners $4,000,000 Series A Financing”

Mersive Secures $2,208,734 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9cce5a21-f6ce-49e1-8d28-8bd0035a5832&Preview=1 Date 9/6/2011 Company Name Mersive Mailing Address 2399 Blake Street Denver, CO 80205 Company Description Mersive was founded in 2004 with the goal of creating a new generation of digital display solution for mass market. Recognizing that an increasing amount of ultra high-resolution digital content is being created every day, Mersive … Continue reading “Mersive Secures $2,208,734 New Financing”

MTPV Lands $6,500,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d9350a52-b677-4353-8b16-bee2ccb3abaf&Preview=1 Date 9/6/2011 Company Name MTPV Mailing Address 13915 Burnet Road Austin, TX 78728 Company Description MTPV is a clean energy semiconductor chip company using its breakthrough technology to harness the world’s waste heat and convert it to electricity. Website http://www.mtpv.com Transaction Type Venture Equity Transaction Amount $6,500,000 Transaction Round Series B … Continue reading “MTPV Lands $6,500,000 Series B Funding”

Understanding the Human Element of Startups: Inside NCIIA’s VentureLab

Written on the whiteboard on the first day of my entrepreneurship class at Tufts was a sobering statistic: 80 percent of startups die in their first four years. There exist a variety of factors that can kill a business. Luckily, Boston is full of programs and organizations designed to help entrepreneurs navigate through the startup … Continue reading “Understanding the Human Element of Startups: Inside NCIIA’s VentureLab”

Labor Day Friday Bad News Poll Results: Government Jobs Report the Worst Biz News of the Weekend

Well, it turned out that perhaps I was too cynical. On Friday morning, I posted the Labor Day Bad News Poll, pointing out that companies often buried bad news after markets closed on a Friday—and asking readers to predict what type of bad news they expected, if any, on the extra slow Friday before Labor … Continue reading “Labor Day Friday Bad News Poll Results: Government Jobs Report the Worst Biz News of the Weekend”

San Diego Forum on Entrepreneurs and Incubators

The San Diego Software Industry Council has organized this forum and panel discussion. CommNexus CEO Rory Moore will discuss the San Diego trade group’s free incubator, EvoNexus; Founders Institute co-founder Jeanine Jacobson will explain what entrepreneurs can expect; and Bin Li of the Ansir Innovation Center will talk about their approach to incubating entrepreneurs. Registration … Continue reading “San Diego Forum on Entrepreneurs and Incubators”

Machine to Machine Services: The Carrier/Operator Perspective

The CommNexus M2M special interest group has invited representatives of Verizon, Sprint, and Vodfone to discuss where they see value in connected devices and M2M communications. The panel also will talk about the challenges and opportunities for service providers, examine operator strategies, future technologies and tactics, and how to get involved in the emerging M2M … Continue reading “Machine to Machine Services: The Carrier/Operator Perspective”

Life Sciences Employment Recruiting & Retention

Biocom and the Biotech Employment Development Coalition are hosting the second annual human resources conference. This strategic-level conference is dedicated to life science HR professionals, providing a unique opportunity to network and learn from executives and HR colleagues in your industry. The event will showcase success stories of local companies in a variety of HR-related … Continue reading “Life Sciences Employment Recruiting & Retention”

CTIA Enterprise & Applications Conference

The industry trade group once known as the Cellular Telecommunications Internet Association, and now known as CTIA—The Wireless Association, has rebranded its fall show to focus on enterprise and applications. The change reflects the evolution of the industry and growing use of mobile technology in business. The three-day event will demonstrate the increasing benefits of … Continue reading “CTIA Enterprise & Applications Conference”

The Startup Game Seen Through the Eyes of Two Generations of Venture Capitalists

William H. Draper III, a general partner at Draper Richards in San Francisco, is one of the first venture capitalists on the West Coast. His book, “The Startup Game,” takes a close look at how the relationship between venture capitalists and entrepreneurs is critical to enhancing the success of any economy. His son Tim is … Continue reading “The Startup Game Seen Through the Eyes of Two Generations of Venture Capitalists”

The March of Radical Innovation: AT&T Buying T-Mobile is Not Just Good—It’s Necessary

In the early 1990s, few short years after I joined McCaw Cellular—then the nation’s largest mobile operator despite not possessing anything close to a national footprint—the Seattle-area company was acquired by New Jersey-headquartered grandfather of telecommunications: AT&T. It was a time of rapid and aggressive technical and business transition. While I could feel the entrepreneurial … Continue reading “The March of Radical Innovation: AT&T Buying T-Mobile is Not Just Good—It’s Necessary”

MyPad and the Coming Facebook Wars on the iPad

Why on earth isn’t there an official Facebook app for the iPad? The social networking giant has had an iPhone app ever since the launch of the iTunes App Store in 2008, and the company says that more than 250 million people access Facebook through mobile devices. Its engineers have tried to make the Facebook … Continue reading “MyPad and the Coming Facebook Wars on the iPad”

Pfizer Grows in Cambridge, Repligen Eyes Imaging Approval, GI Dynamics Gets Aussie IPO, & More Boston-Area Life Sciences News

New England biotech firms are roaring out of summer with news of fundraising, hires, regulatory moves, and acquisitions. —Cambridge, MA-based medical imaging startup Lantos Technologies announced a new round of funding and a new CEO. The firm pulled in $4.1 million in Series B money—led by return Lantos investor Excel Venture Management and with participation from … Continue reading “Pfizer Grows in Cambridge, Repligen Eyes Imaging Approval, GI Dynamics Gets Aussie IPO, & More Boston-Area Life Sciences News”

The Labor Day Friday Bad News Poll

Any savvy news hound knows that companies love to bury bad news by disclosing it after the close of markets on a Friday. The Friday before a long weekend like Labor Day is especially attractive. That got me wondering what bad news might be coming today. Is there another big CEO shuffle looming, a la … Continue reading “The Labor Day Friday Bad News Poll”

Punchbowl Software Lands $578,500 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6842cb29-f731-4512-8a70-11653aec94e8&Preview=1 Date 9/2/2011 Company Name Punchbowl Software Mailing Address 873 Concord Street Framingham, MA 01701 Company Description At Punchbowl Software, we believe that planning an event or party should be enjoyable and easy. Website http://www.mypunchbowl.com Transaction Type Venture Equity Transaction Amount $578,500 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “Punchbowl Software Lands $578,500 New Financing Round”

Intersect ENT Receives $1,018,585 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=740e2a85-cdfd-41b8-a086-1fc0e1a9bfbe&Preview=1 Date 9/2/2011 Company Name Intersect ENT Mailing Address 1049 Elwell Court Palo Alto, CA 94303 Company Description Intersect ENT Inc. (formerly Sinexus) is a medical device company pioneering novel therapies for Ear, Nose & Throat surgeons to utilize in providing improved treatment for their patients. Website http://www.intersectent.com Transaction Type Venture Equity … Continue reading “Intersect ENT Receives $1,018,585 Series C Financing Round”

Clean Power Finance Obtains $19,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=adea39aa-9b8c-430e-a541-36a1325d4770&Preview=1 Date 9/2/2011 Company Name Clean Power Finance Mailing Address 201 Mission Street San Francisco, CA 94105 Company Description Clean Power Finance is the leading provider of integrated software, services and financing solutions to the solar industry. Website http://www.cleanpowerfinance.com Transaction Type Venture Equity Transaction Amount $19,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Clean Power Finance Obtains $19,000,000 New Funding”