We had news from the world of cancer drugs, genomics, stem cells, and an interesting little piece on a strategy for potentially preventing chronic fatigue syndrome. Get caught up here. —Emeryville, CA-based Onyx Pharmaceuticals (NASDAQ: [[ticker:ONXX]]) said it has struck a partnership with Japan-based Ono Pharmaceuticals. The deal provides about $59 million in upfront cash … Continue reading “iPierian Entices Corporate VCs, Plexxikon’s One-Two Punch, Jennerex’s Road Less Traveled, & More Bay Area Life Sciences News”
The Personalized Medicine Opportunity–Shifting the Business to Regulated Markets
Life science tool companies have traditionally operated in the “research use only” market—selling equipment and reagents to academic labs, research centers and biopharmaceutical R&D. By selling into the research-only market, these companies have been able to avoid the burdens of controls placed on regulated products. However, the line between research and clinical activities is increasingly … Continue reading “The Personalized Medicine Opportunity–Shifting the Business to Regulated Markets”
Pfizer Axes Celldex Agreement, Vertex’s Telaprevir Performs in Clinical Trial, Anchor Therapeutics Inks Potential $480M Deal With J&J, & More Boston-Area Life Sciences News
—Needham, MA-based Celldex Therapeutics announced that Pfizer (NYSE: [[ticker:PFE]]) had terminated a agreement in which it licensed Celldex’s experimental cancer vaccine rindopepimut, because it no longer views the drug as a strategic priority. Celldex (NASDAQ: [[ticker:CLDX]]) will regain full rights to develop and commercialize the drug, effective November 1. —Ryan checked in with Oliver Fetzer, … Continue reading “Pfizer Axes Celldex Agreement, Vertex’s Telaprevir Performs in Clinical Trial, Anchor Therapeutics Inks Potential $480M Deal With J&J, & More Boston-Area Life Sciences News”
Allied Minds Injects $3 Million Into Ann Arbor-based Biotectix to Support Conductive Polymer Technology for Implantable Medical Devices
Allied Minds, which makes seed investments in technology developed at universities and national labs, said yesterday it has invested $3 million in Ann Arbor, MI-based Biotectix to advance research and development of its novel conductive polymer technology. The company, which was formed out of the University of Michigan, is working on polymer materials and coatings … Continue reading “Allied Minds Injects $3 Million Into Ann Arbor-based Biotectix to Support Conductive Polymer Technology for Implantable Medical Devices”
Good Start Genetics Obtains $18,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9304c337-2cda-49bd-a12f-51a56589555c&Preview=1 Date 9/10/2010 Company Name Good Start Genetics Mailing Address 8 St. Mary’s Street Boston, MA 02215 Company Description Good Start Genetics’ advanced DNA sequencing technology is designed to deliver a higher detection rate and improved clinical performance compared to currently available screening methods. Website http://www.goodstartgenetics.com Transaction Type Venture Equity Transaction Amount … Continue reading “Good Start Genetics Obtains $18,000,000 Series A Funding”
Biotectix LLC Receives $3,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=95bcdefc-37ec-4c76-940d-910d8c4dc180&Preview=1 Date 9/10/2010 Company Name Biotectix LLC Mailing Address 2260 Hyward 2644 Cse Bldg Ann Arbor, MI 48109 Company Description The Compay develops electromedical and electrotherapeutic equipment. Website Undisclosed Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes The company intends to advance research and development of its novel … Continue reading “Biotectix LLC Receives $3,000,000 New Round”
inDinero Receives $1,200,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=07ee2128-a873-445d-9f2f-9e77b9eb1785&Preview=1 Date 9/10/2010 Company Name inDinero Mailing Address Undisclosed Undisclosed, CA 94300 Company Description inDinero helps business owners monitor the financial health of their companies. Most small business owners hate the idea of learning accounting software, so we’ve created a solution that’s easy for anyone to use. Website http://www.inDinero.com Transaction Type Venture … Continue reading “inDinero Receives $1,200,000 New Round”
Sakti3 Receives $4,200,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bf879c37-5754-41e9-8fb1-839c1c249e83&Preview=1 Date 9/10/2010 Company Name Sakti3 Mailing Address 1000 Victors Way Ann Arbor, MI 48108 Company Description Sakti3 is a Michigan-based company that is developing an advanced solid-state rechargeable lithium-ion battery technology. We aim to further enable electric drivetrain vehicles that are capable of getting over 100 miles per gallon. Website http://www.sakti3.com … Continue reading “Sakti3 Receives $4,200,000 New Financing”
Hydrovolts Inks Prototype Deal with DLZ
Seattle-based small-scale hydropower startup (and McKinstry Innovation Center resident) Hydrovolts said today that it has received a $250,000 investment from U.S.-based civil engineering firm DLZ Corp. to develop a 25 kW hydrokinetic canal turbine for the company. DLZ plans to use the prototype in a hydrokinetic power project on the 14-km Chilla Canal in northern … Continue reading “Hydrovolts Inks Prototype Deal with DLZ”
Xconomy Forum: VC Crossfire
Venture capital is going through a wrenching and potentially permanent transformation. The losses of the past decade and the sluggish economy have taken a toll, forcing some VCs to virtually halt new investment to focus on their existing portfolios, while others are gravitating toward safer later-stage deals or making smaller, earlier-stage bets. Estimates are that … Continue reading “Xconomy Forum: VC Crossfire”
Global Health: The Local Impact
CityClub is organizing an event Sept. 15 in Seattle on the local impact being made by the city’s global health institutions. Tom Hansen, the CEO of Seattle Children’s Hospital, David Fleming of Public Health-Seattle & King County, Dan Dixon of Swedish Health Services, and Neeti Nundy of PATH are the featured speakers. For more information … Continue reading “Global Health: The Local Impact”
Angel Boot Camp, Project 11, and Hacker Angels Meet at a Startup Called Locately
Normally, we wouldn’t get too excited about a $300,000 tech startup financing in Boston. We might write a brief, or save it for a deal roundup. But today’s news that Locately, a Boston-based location analytics firm, has raised a seed round touches on several important local innovation themes and organizations. Consider the following: —One of … Continue reading “Angel Boot Camp, Project 11, and Hacker Angels Meet at a Startup Called Locately”
CombinatoRx Becomes Zalicus
Cambridge, MA-based drug developer CombinatoRx announced today that it has changed its name to Zalicus to better reflect its assets and focus, following its merger last year with Vancouver-based Neuromed Pharmaceuticals. The company garnered its first drug approval earlier this year for the pain treatment hydromorphone HCL (Exalgo), which is being marketed by healthcare products … Continue reading “CombinatoRx Becomes Zalicus”
Beringea Backs Mophie to Help Make Smartphones Smarter in an Exploding Market
In about four years, Mophie has evolved from a startup operated out of a founder’s garage in Kalamazoo, MI, to a fast-growing provider of electronic accessories for smartphones and other mobile devices with operations in Paw Paw, MI, and Santa Ana, CA. That’s according to Jeff Bocan, a managing director for the Farmington Hills, MI-based … Continue reading “Beringea Backs Mophie to Help Make Smartphones Smarter in an Exploding Market”
Powerhouse Dynamics, With Another $400K, Is Out to Monitor Energy Use at the Circuit Level and Sell Through Dealers
Not using energy you don’t need has become an attractive way of going green, and has given birth to companies out to track and target your energy consumption, or retrofit your home for greater efficiency. Newton, MA-based Powerhouse Dynamics, founded in 2008, is a player in the energy-monitoring software field, but it’s been going about … Continue reading “Powerhouse Dynamics, With Another $400K, Is Out to Monitor Energy Use at the Circuit Level and Sell Through Dealers”
Sequel Raises $1.4M
San Diego’s Sequel Pharmaceuticals has raised almost $1.4 million in a combination of debt, rights, and securities in a round intended to raise more than $1.9 million for the three-year-old specialized drug developer, according to a recent regulatory filing. Sequel is focused on developing a drug candidate for treating an abnormal heart rhythm known as … Continue reading “Sequel Raises $1.4M”
Who Will Pay For Innovation in the 21st Century? Find Out at Xconomy “VC Crossfire” Oct. 28
Some say the days when venture capitalists could bet big on risky, world-changing companies like Google and Genentech are in the past. The prolonged sluggish period in the U.S. economy has taken a toll, and an estimated one-third to one-half of all venture funds are thought to be slowly going out of business. Many VC … Continue reading “Who Will Pay For Innovation in the 21st Century? Find Out at Xconomy “VC Crossfire” Oct. 28″
Zogenix Files for IPO, Orexigen Licenses Obesity Drug to Takeda, ImThera Raises Capital For Sleep Apnea, & More San Diego Life Science News
The big news: San Diego’s Orexigen inked a marketing deal around its obesity drug compound whose value could soar into the billions of dollars. We’ve got that and the rest of San Diego’s life science news for you here. —Zogenix, the four-year-old San Diego startup that develops compounds for treating pain and central nervous system … Continue reading “Zogenix Files for IPO, Orexigen Licenses Obesity Drug to Takeda, ImThera Raises Capital For Sleep Apnea, & More San Diego Life Science News”
Expensify Reimbursed for $5.7M
San Francisco-based Expensify, which has developed a Web-based system for submitting business expense reports, said yesterday that it has raised $5.7 million in a Series A venture round. The round was led by new investor Redpoint Ventures, and included returning seed-stage investors Hillsven Capital, Baseline Capital, and Travis Kalanick. The company also announced that it … Continue reading “Expensify Reimbursed for $5.7M”
Prelert Raises $3.75M to Manage IT Incidents
Needham, MA-based Prelert, a maker of IT analysis and incident management software, announced it has raised $3.75 million in Series A financing from Fairhaven Capital Partners and Sierra Ventures. Prelert says its software helps companies identify the cause of IT service disruptions (for things like Web applications) much faster than existing approaches. The technology uses … Continue reading “Prelert Raises $3.75M to Manage IT Incidents”
Acceleron Snags $498M Deal With Shire to Develop Muscular Dystrophy Drugs
Shire has got to be feeling a little extra bounce in its step, as one of its competitors (Genzyme) has wobbled recently, and today it’s continuing its bold push forward in the world of rare diseases in a big partnership with Cambridge, MA-based Acceleron Pharma. Shire (NASDAQ: [[ticker:SHGPY]]), the U.K-based company that’s become an increasingly … Continue reading “Acceleron Snags $498M Deal With Shire to Develop Muscular Dystrophy Drugs”
WiseStamp Puts a More Personal Signature on E-mail
In ancient times, before the dawn of e-mail, there were people who would grab any old blank sheet of paper to write or type on, and there were people who would only use fancy letterhead paper embossed with their names or logos. People in the first group probably cared more about getting their message across … Continue reading “WiseStamp Puts a More Personal Signature on E-mail”
DataSphere, Backed by OVP and Ignition, Raises $10M to Tap into Hyperlocal Online Ad Market
DataSphere Technologies is riding the hyperlocal wave. The Bellevue, WA-based Web technology and ad sales company has raised another $10 million in a Series C venture round led by Kirkland, WA-based OVP Venture Partners. The financing will back DataSphere’s further expansion into the $100 billion U.S. local advertising market, the company said in a statement … Continue reading “DataSphere, Backed by OVP and Ignition, Raises $10M to Tap into Hyperlocal Online Ad Market”
ByAllAccounts Brings In $5M
Woburn, MA-based ByAllAccounts, a maker of technology that enables financial advisors to aggregate account data, announced it has grabbed a $5 million financing, led by Castile Ventures. Previous ByAllAccounts investor Commonwealth Capital Ventures also participated in the funding round, which will go to expanding the company’s presence in the financial advisory market and advancing into … Continue reading “ByAllAccounts Brings In $5M”
Jennerex, Charging Ahead With Tumor-Killing Virus, Follows Biotech Road Less Traveled
Sometimes the innovation community can be a tough insider’s club. If you’re a biotech startup, you’re only real when Merck/Pfizer/Novartis/Glaxo/Roche or some big VC like Kleiner Perkins bets cash that says you might be real. So sometimes a potentially groundbreaking idea has to find some other way to get critical support. That’s what San Francisco-based … Continue reading “Jennerex, Charging Ahead With Tumor-Killing Virus, Follows Biotech Road Less Traveled”
Anchor Therapeutics Hooks Deal Worth Up to $480M with J&J
Anchor Therapeutics has landed its largest corporate partnership yet. The Cambridge, MA-based biotech startup has secured a partnership that could be worth up to $480 million with Ortho-McNeil-Janssen Pharmaceuticals, part of the healthcare products giant Johnson & Johnson (NYSE: [[ticker:JNJ]]). Ortho-McNeil-Janssen, based in Titusville, NJ, has agreed to pay Anchor an undisclosed upfront fee, provide … Continue reading “Anchor Therapeutics Hooks Deal Worth Up to $480M with J&J”
San Diego Business Analytics Startup Anametrix, Launched by WebSideStory Founder Blaise Barrelet, Raises $1.15M
San Diego-based Anametrix, the developer of cloud-based analytics technology for business customers, has raised $1.15 million of an intended $2.3 million round from private investors, according to a recent regulatory filing. Anametrix, founded last year, is bringing together some iconic figures from San Diego’s dot-com boom of the 1990s—beginning with Blaise Barrelet, the startup’s founding … Continue reading “San Diego Business Analytics Startup Anametrix, Launched by WebSideStory Founder Blaise Barrelet, Raises $1.15M”
ZymoGenetics Reaches the End, Stratos Genomics Nabs $4M, Children’s New Ventilator, & More Seattle-Area Life Sciences News
One huge story hit Seattle biotech this week. I got all the usual “who, what, when, where” in the initial reports. But I’m still thinking hard about the nuances of why this happened, and what will come next. Stay tuned. —The big news, of course, came when Bristol-Myers Squibb said it has agreed to acquire … Continue reading “ZymoGenetics Reaches the End, Stratos Genomics Nabs $4M, Children’s New Ventilator, & More Seattle-Area Life Sciences News”
CityVoter Gears Up for “Best Of” Voting Push, Looks to Cash In on Daily Deals and Rewards
It’s good to know that the dive bar around the corner from where I used to live for seven-plus years has spawned at least one intriguing tech startup. The bar is Joe Sent Me on Mass. Ave. in North Cambridge, MA—and it’s not a dive anymore (hasn’t been for years). The startup is CityVoter, which … Continue reading “CityVoter Gears Up for “Best Of” Voting Push, Looks to Cash In on Daily Deals and Rewards”
Livescribe Gets $39 Million to Prove the Power of the Smart Pen
Smart pens, which can record handwritten notes and drawings and transfer them to a computer for storage, searching, and sharing, have never exactly written their own ticket. The technology behind the devices was first developed in the late 1990s by Swedish firm Anoto Group, and has since been licensed to more than 250 companies around … Continue reading “Livescribe Gets $39 Million to Prove the Power of the Smart Pen”
Mophie Lands New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bed17eb3-fa50-4277-a1ec-d33f185dfbb6&Preview=1 Date 9/9/2010 Company Name Mophie Mailing Address 1 Steele Street Studio 107 Burlington, VT 05401 Company Description Designs, develops, markets and sells consumer electronic accessories. Website http://www.mophie.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor InvestMichigan Growth Capital … Continue reading “Mophie Lands New Financing Round”
DataSphere Obtains $10,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=464e66e3-e401-4883-a6d8-20105cf85799&Preview=1 Date 9/9/2010 Company Name DataSphere Mailing Address 15395 SE 30th Place Bellevue, WA 98007 Company Description DataSphere Technologies, Inc. is a Software as a Service (SaaS) Web technology company built by a group of senior online technologists and Web marketers. With decades of experience in driving traffic and site design at … Continue reading “DataSphere Obtains $10,000,000 Series C Funding”
Livescribe Obtains $39,000,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6514e570-81a0-47f7-a0c3-1364c0ab41b1&Preview=1 Date 9/9/2010 Company Name Livescribe Mailing Address 7677 Oakport St. 12th Floor Oakland, CA 94621 Company Description Livescribe has developed a new low-cost mobile computing platform that enhances productivity, learning, communication and self expression for anyone that uses pen and paper. The Pulse smartpen revolutionizes the act of writing by recording … Continue reading “Livescribe Obtains $39,000,000 Series C Financing Round”
Ooyala Garners $22,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=adefe36b-35fb-4070-90fb-5c7b2d96427c&Preview=1 Date 9/9/2010 Company Name Ooyala Mailing Address 800 W El Camino Real Mountain View, CA 94040 Company Description Ooyala is a technology-driven company dedicated to delivering an interactive, high-quality video experience. The company is also developing content management systems and video ad serving technologies. Website http://www.ooyala.com Transaction Type Venture Equity Transaction … Continue reading “Ooyala Garners $22,000,000 New Financing”
Artielle ImmunoTherapeutics Receives $100,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6381f172-2566-47dc-abcc-cb2f8b18d639&Preview=1 Date 9/9/2010 Company Name Artielle ImmunoTherapeutics Mailing Address 9020 SW Washington Square Road Tigard, OR 97223 Company Description Artielle ImmunoTherapeutics’ technology is focused on a new proprietary class of molecules known as Recombinant T cell receptor Ligands (RTLs) that can be tailored to treat a wide range of autoimmune diseases. Artielle … Continue reading “Artielle ImmunoTherapeutics Receives $100,000 New Round”
NeoMatrix Lands $2,446,852 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2900f790-e1de-4bdd-a5ca-04a304b43ff9&Preview=1 Date 9/9/2010 Company Name NeoMatrix Mailing Address 16 Technology Drive Irvine, CA 92618 Company Description NeoMatrix develops innovative devices that allow women and their doctors to promote optimal breast health. The company’s premier product, the HALO™ Breast Pap Test, is the only fully automated, noninvasive breast disease screening device designed for … Continue reading “NeoMatrix Lands $2,446,852 New Round”
Ventiva Lands $1,963,708 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a3bbec71-a09c-4970-ba60-afe7b41d8ea7&Preview=1 Date 9/9/2010 Company Name Ventiva Mailing Address 1505 Wyatt Drive Santa Clara, CA 95054 Company Description Founded in 2008, Ventiva is a privately held company with strong financial backing from top-tier Silicon Valley venture capital firms. Ventiva has a world-class team with unique combination of expertise in thermal management, new product … Continue reading “Ventiva Lands $1,963,708 New Funding”
SynapSense Obtains $5,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2fb7d7cf-1df2-4b6c-a48c-ca900bee9562&Preview=1 Date 9/9/2010 Company Name SynapSense Mailing Address 2365 Iron Point Rd Folsom, CA 95630 Company Description SynapSense Corporation is a developer of a configurable, scalable wireless sensor networking platform. Website http://www.synapsense.com Transaction Type Venture Equity Transaction Amount $5,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. … Continue reading “SynapSense Obtains $5,000,000 New Financing Round”
ioSemantics Receives $525,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=05c31f8e-1302-42f3-a7c0-97eb3516e00a&Preview=1 Date 9/9/2010 Company Name ioSemantics Mailing Address 10822 W. Toller Drive Littleton, CO 80127 Company Description ioSemantics was founded in 2005 by Steven Bucuvalas, following several years of primary research in combining Formal Methods, Computational Mathematics and Semantic Technologies for use in business applications in the Financial Services and Insurance industries. … Continue reading “ioSemantics Receives $525,000 New Financing”
Santarus to Launch Drug for Type 2 Diabetes
San Diego-based Santarus (NASDAQ: [[ticker:SNTS]]) said it has acquired exclusive rights from S2 Therapeutics of Bristol, TN, and VeroScience of Tiverton, RI to make and sell bromocriptine mesylate (Cycloset) tablets in the U.S. The Food and Drug Administration has approved the prescription drug as an adjunct to diet and exercies to improve glycemic control in … Continue reading “Santarus to Launch Drug for Type 2 Diabetes”
Halozyme Plans to Sell 8.3M Shares
San Diego’s Halozyme Therapeutics (NASDAQ: [[ticker: HALO]]) said today to could sell as much as 8.3 million shares of its common stock to support further research and development of its product candidates. If the company sold all 8.3 million shares through the so-called shelf registration, it could raise between $75.6 million and $43.3 million, based … Continue reading “Halozyme Plans to Sell 8.3M Shares”
Governor’s Life Sciences Summit/WBBA Annual Meeting
For the first time, the Washington Biotechnology & Biomedical Association (WBBA) is combining the Governor’s Life Science Summit and its annual meeting. More than 800 leaders of Washington’s life sciences community are expected. The WBBA says “this intense program will be a celebration of our successes, and a discussion of the industry’s current challenges and … Continue reading “Governor’s Life Sciences Summit/WBBA Annual Meeting”
Cequint Acquired For Up to $112.5M
Seattle-based startup Cequint, a developer of Caller ID technology for mobile phones, has agreed to be acquired by Virginia-based Transaction Network Services (TNS) for up to $112.5 million. The terms of the deal, which is expected to close early in the fourth quarter of 2010, dictate that TNS will purchase Cequint for an initial $46.7 … Continue reading “Cequint Acquired For Up to $112.5M”
BayBio Summer Blowout Open House
BayBio, the trade group for Northern California’s biotech industry, is organizing an end of summer blowout mixer and open house. The event will be from 4 pm to 7 pm on Oct. 6 at the Pacific Research Center in Newark, CA. For more information on how to register, click here.
Helicos Files Suit Against PacBio
Cambridge, MA-based Helicos Biosciences (NASDAQ: [[ticker:HLCS]]), the maker of gene sequencing instruments, said today it has filed a lawsuit accusing Menlo Park, CA-based Pacific Biosciences of patent infringement. Helicos says it was the first to invent and market the technology known as single molecule sequencing, and that PacBio’s subsequent technology violates Helicos patents that extend … Continue reading “Helicos Files Suit Against PacBio”
Intersect Rolls Out Online Storytelling Platform, Using Time, Place to Create Personal ‘Storylines’
It’s safe to say that the face of the media has gone through some major changes recently—with the onset of blogging and digital media, practically anyone with a camera phone and sharp texting skills can become a citizen journalist. Even the oldest names in traditional media are going social, with many publications signing up for … Continue reading “Intersect Rolls Out Online Storytelling Platform, Using Time, Place to Create Personal ‘Storylines’”
Helicopter Lasers, Health Record Exchange, and Rick Snyder’s Past—A Michigan Roundup
There has been a smattering of innovation news from around the state this week: —University of Michigan researchers are developing a laser-based system to protect military helicopters from heat-seeking missiles by jamming their sensors, according to a report in Gizmag. Mohammed Islam, a U-M professor of electrical engineering and computer science, is leading the research … Continue reading “Helicopter Lasers, Health Record Exchange, and Rick Snyder’s Past—A Michigan Roundup”
Swedish Names Chief Scientist
Seattle-based Swedish Medical Center said today that it named Dr. Mark Reisman, a well-known interventional cardiologist, to the new position of chief scientific officer and head of research. Reisman is taking on the new role as part of an expanded research program at Swedish, which the hospital says is intended to advance research, but also … Continue reading “Swedish Names Chief Scientist”
Software Veteran John Mutch Moves IT Security Specialist BeyondTrust to San Diego, on Path to Build “Freemium” Business Model
When Agoura Hills, CA-based Symark acquired Portsmouth, NH-based BeyondTrust for a little over $20 million a year ago, the deal was viewed as a complementary combination of similar IT security technologies for fundamentally different markets. BeyondTrust specialized in providing IT security for Windows-based networks by managing the access privileges granted to both system administrators and … Continue reading “Software Veteran John Mutch Moves IT Security Specialist BeyondTrust to San Diego, on Path to Build “Freemium” Business Model”
Red Bend Buys VirtualLogix
Red Bend Software, a Waltham, MA-based company that makes systems for over-the-air management and updating of software on mobile devices, said Tuesday that it has acquired Santa Clara, CA-based VirtualLogix for an undisclosed sum. VirtualLogix makes virtualization software that allows mobile handsets to run multiple operating systems. “Today marks the beginning of a new era … Continue reading “Red Bend Buys VirtualLogix”