Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5ab9b863-5f3e-4270-b3d0-af8bab6d0b23&Preview=1 Date 8/19/2010 Company Name McAfee Mailing Address 3965 Freedom Circle Santa Clara, CA 95054 Company Description McAfee proactively secures systems and networks from known and as yet undiscovered threats worldwide. Home users, businesses, service providers, government agencies, and our partners all trust our unmatched security expertise and have confidence in our … Continue reading “Intel Corp. Acquires McAfee for $7,680,000,000”
Trunk Show Garners $1,144,458 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bed57cc6-1c01-48f8-b7a2-71351ddf37f1&Preview=1 Date 8/19/2010 Company Name Trunk Show Mailing Address 33 W. 19th St. New York, NY 10011 Company Description The company is developing a retail oriented trunk show website and service. Website Undisclosed Transaction Type Venture Equity Transaction Amount $1,144,458 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms … Continue reading “Trunk Show Garners $1,144,458 New Funding Round”
Director Quits Cypress Bio’s Board During Buyout Struggle
San Diego’s Cypress Bioscience (NASDAQ: [[ticker:CYPB]]), which is in a standoff with a Ramius Group fund over its buyout offer, disclosed in a regulatory filing today that one of its independent directors has resigned from its eight-member board. The company, which yesterday reiterated its rejection of Ramius’ $160 million buyout offer, maintains that Jean-Pierre Millon … Continue reading “Director Quits Cypress Bio’s Board During Buyout Struggle”
Tachyon Gets $4M in SVB Financing
San Diego-based Tachyon Networks says today it has secured a $2 million equipment term loan and a $2 million line of credit with Silicon Valley Bank. The company specializes in providing broadband satellite communications services to oil and gas, alternative energy, construction, mining, and special events customers. Tachyon also serves military and government customers.
Achillion Pharma Finds $50.1M
Achillion Pharmaceuticals (NASDAQ:[[ticker:ACHN]]), a New Haven, CT-based developer of infectious disease drugs, said today it expects to raise $50.1 million in a private sale of the firm’s common stock and warrants. The investors in the private placement include Domain Associates, Clarus Ventures, Quaker BioVentures, and Pappas Ventures, according to Achillion. The company plans to use … Continue reading “Achillion Pharma Finds $50.1M”
Leroy Hood & Team Walk into South Lake Union With Plans to Grow
Leroy Hood is a walker. Now the biotech pioneer is going to be able to walk around in a very productive way. Once Hood and the rest of the Institute for Systems Biology team moves to South Lake Union next spring, he will be able to walk around the halls of a single building with … Continue reading “Leroy Hood & Team Walk into South Lake Union With Plans to Grow”
HBA Boston- WIS-Careers in Biotech and Biopharma: New Opportunities for Scientists
This event is designed to inform the audience about the wide avenue of alternative career opportunities that exist in the biotechnology and pharmaceutical industries. Representatives from leading Biotech/Pharma companies will share their experiences, identify skill sets needed, and discuss their journey to their current positions. Participants will have four 15-minute cycles to discuss how their … Continue reading “HBA Boston- WIS-Careers in Biotech and Biopharma: New Opportunities for Scientists”
HBA Boston – Managing Up, Down and Across
Join us for the September 15th HBA Boston Program. Through this workshop, participants will learn: · Basic skills necessary for effectively managing up, down and across the organization (360° management). · Techniques for building networks horizontally across the organization. · Skills on influencing across the different levels of the organization. · How to manage individuals … Continue reading “HBA Boston – Managing Up, Down and Across”
Scio Secures Investment From True Ventures, Others to Develop Safe Mobile Transactions
Scio Security, an Ann Arbor, MI-based developer of mobile phone transaction security systems, has received an undisclosed amount of venture capital investment from True Ventures, a Palo Alto, CA-based firm that invests in early-stage companies. Scio co-founder Jon Oberheide confirmed in an e-mail to me this morning that the investment happened this week and that … Continue reading “Scio Secures Investment From True Ventures, Others to Develop Safe Mobile Transactions”
Institute for Systems Biology Makes it Official: It’s Moving to Seattle’s South Lake Union
The worst kept secret in the local biotech real estate market is now official: The Institute for Systems Biology is moving to Seattle’s South Lake Union neighborhood, into the modern building once occupied by Merck’s Rosetta Inpharmatics unit. Leroy Hood, the biotech pioneer who heads up the Institute for Systems Biology, told me back in … Continue reading “Institute for Systems Biology Makes it Official: It’s Moving to Seattle’s South Lake Union”
Biogen Idec Strikes Potential $345M Deal with Knopp to Develop ALS Drug
Biogen Idec now has a shot at treating a neurodegenerative disease that has befuddled researchers for decades. The Weston, MA-based biotech powerhouse (NASDAQ:[[ticker:BIIB]]) says today it has landed a deal with Knopp Neurosciences to develop an experimental drug for amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig’s disease. Biogen, which has significant operations in … Continue reading “Biogen Idec Strikes Potential $345M Deal with Knopp to Develop ALS Drug”
SI-Bone Raises $11M
SI-Bone, a San Jose-based developer of plasma-coated titanium implants that immobilize the sacroiliac joints in patients with degenerative bone diseases of the pelvis, said today that it has raised $11 million in a venture financing round led by Skyline Ventures of Palo Alto, CA. The company said the funds will help it to launch new … Continue reading “SI-Bone Raises $11M”
HP to Buy Fortify
Palo Alto, CA-based Hewlett-Packard announced yesterday that it has agreed to acquire Fortify Software, a San Mateo, CA, maker of automated systems to find and fix security vulnerabilities in enterprise software. Terms of the agreement were not disclosed. Fortify’s venture backers, who last provided a $10 million Series D financing round in 2005, include DAG … Continue reading “HP to Buy Fortify”
Taste-Maker Allylix Prepares to Make “Nootkatone” a Household Word, as San Diego Gains Momentum in Industrial Biotechnology
In the six years since Allylix was founded, the San Diego startup has been developing ways of getting yeast to produce complex hydrocarbon molecules called terpenes for use initially as flavor and fragrance enhancers. In April, Allylix raised $9 million in a C Series round of venture capital to fund its commercialization plans, which call … Continue reading “Taste-Maker Allylix Prepares to Make “Nootkatone” a Household Word, as San Diego Gains Momentum in Industrial Biotechnology”
Dashwire CEO Ford Davidson Talks Financing, Apple Vs. Android, and the Future of Smartphone Syncing in a “Market That’s on Fire”
Ford Davidson has more smart phones than he can hold in two hands. It’s all part of the business, he says, a necessary product of keeping tabs on different mobile platforms—and competitors—and staying abreast of new trends. And though finding pocket space for all of his devices may be challenging at times, the 31-year-old founder … Continue reading “Dashwire CEO Ford Davidson Talks Financing, Apple Vs. Android, and the Future of Smartphone Syncing in a “Market That’s on Fire””
BioMarin Buys ZyStor For $115M
BioMarin Pharmaceutical (NASDAQ: [[ticker:BMRN]]), the Novato, CA-based maker of drugs for rare diseases, said it has agreed to acquire Milwaukee, WI-based ZyStor Therapeutics for $22 million upfront, plus another $93 million if certain milestones are met, bringing the total value of the deal to $115 million. ZyStor is developing enzyme replacement therapies for lysosomal storage … Continue reading “BioMarin Buys ZyStor For $115M”
TechStars Alum Baydin Launches Gmail Plug-In to Keep You From Forgetting to Send Important E-mails
It’s no secret that consumers are looking for technology to help better handle e-mail communications. We’ve written about strategies for keeping the volume of your inbox down, and applications for reminding you to follow up on an e-mail conversation. Alexander Moore’s Cambridge-based startup Baydin was originally focused on helping consumers better bring in relevant files … Continue reading “TechStars Alum Baydin Launches Gmail Plug-In to Keep You From Forgetting to Send Important E-mails”
Quark Nabs Novartis Option Deal
Quark Pharmaceuticals, the Fremont, CA-based developer of RNA interference drugs, said today it has struck a deal to provide Novartis with an option on an exclusive worldwide license to a new kidney treatment. Quark is getting $10 million in upfront cash, and could receive as much as $670 million in milestone payments, plus royalties on … Continue reading “Quark Nabs Novartis Option Deal”
NewRiver Selling for $77M
NewRiver, an Andover, MA-based provider of investor disclosure software, has inked a deal with Broadridge Financial Solutions (NYSE:[[ticker:BR]]) to be acquired for $77 million, the companies reported yesterday. Lake Success, NY-based Broadridge said the deal is expected to close in August, and NewRiver’s staff in Andover and New Delhi will become part of its investor … Continue reading “NewRiver Selling for $77M”
Hipmunk, Conceived by David Pogue’s Teenage Co-Author, Embarks On Mission to Make Travel Search Easier
This is the fourth in a series of profiles of companies emerging this summer from Mountain View, CA-based startup incubator Y Combinator. If anyone was ever predestined to be the co-founder of a Y Combinator-backed Web startup, it’s Adam Goldstein. He’s got the academic pedigree, having gotten his bachelor’s degree from MIT in electrical engineering … Continue reading “Hipmunk, Conceived by David Pogue’s Teenage Co-Author, Embarks On Mission to Make Travel Search Easier”
Seattle Children’s Moves in at Prominent Biotech Address as Targeted Genetics Moves Out
There’s a changing of the guard happening over at one of the historic addresses in Seattle biotech—1100 Olive Way. This former car dealership, which for more than 15 years was home to Targeted Genetics’ leading-edge gene therapy work, is now going to be the center of a new initiative in pediatric cancer studies at Seattle … Continue reading “Seattle Children’s Moves in at Prominent Biotech Address as Targeted Genetics Moves Out”
Susan Windham-Bannister on the State of the State’s $1B Life Sciences Initiative, Part II
Politics play a significant role in Massachusetts’s 10-year plan to invest $1 billion into its life sciences sector. Gov. Deval Patrick championed the effort, which aims to grow the life sciences sector in the state and create new jobs. And every year the Massachusetts Life Sciences Center, the quasi-public agency in charge of the initiative, … Continue reading “Susan Windham-Bannister on the State of the State’s $1B Life Sciences Initiative, Part II”
Calypso Inks EU Deal With Siemens
Calypso Medical Technologies, the Seattle-based maker of technology to pinpoint radiation therapy to reduce side effects, is announcing today that Siemens Healthcare has agreed to distribute its system throughout Europe. Financial terms of the deal weren’t disclosed, although it gives Siemens non-exclusive rights to sell the Calypso system in Europe for three years. Last November, … Continue reading “Calypso Inks EU Deal With Siemens”
IBM Buys Unica, A123 Spinout Raises $10M, Zynga Acquires Conduit, & More Boston-Area Deals News
Acquisition news from big IT, Web, and biotech names, plus funding announcements for newer tech and life sciences companies, kept us buzzing with deals news in New England this week. —Watertown, MA-based Dicerna Pharmaceuticals, a startup developing gene-silencing drugs, raised $25 million in Series B funding. New investor Domain Associates led the round, which also … Continue reading “IBM Buys Unica, A123 Spinout Raises $10M, Zynga Acquires Conduit, & More Boston-Area Deals News”
Vanu Lands $2,149,870 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1270e1da-e103-4a8d-ad64-5808b260dd38&Preview=1 Date 8/18/2010 Company Name Vanu Mailing Address One Cambridge Center Cambridge, MA 02142 Company Description Vanu® software radio is the first wireless infrastructure solution that enables individual base stations to simultaneously operate GSM, CDMA, iDEN and beyond. With wireless standards developed entirely in software instead of specialized, single-purpose hardware, the Vanu … Continue reading “Vanu Lands $2,149,870 New Financing”
Velocent Systems Secures $425,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8be6f1f7-539a-45b2-a2e8-8167050f4940&Preview=1 Date 8/18/2010 Company Name Velocent Systems Mailing Address 1250 E. Diehl Rd. Naperville, IL 60563 Company Description Velocent assists mobile operators in delivering superior quality service by identifying and helping resolve hidden problems that hinder mobile network performance and degrade customer experience. Deep packet inspection (DPI) technology provides high granularity service … Continue reading “Velocent Systems Secures $425,000 New Funding Round”
SI-Bone Lands $11,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3a00e2d8-79ac-46ac-a206-e31baebae92c&Preview=1 Date 8/18/2010 Company Name SI-Bone Mailing Address 550 S. Winchester Blvd. San Jose, CA 95128 Company Description SI-BONE is committed to providing high-quality innovative medical devices for the treatment of SI Joint dysfunction. SI-BONE is a leader in the diagnosis and treatment of SI Joint dysfunction. We are dedicated to a … Continue reading “SI-Bone Lands $11,000,000 New Funding Round”
Avantra Bio Finds $7M
Avantra Biosciences, a Woburn, MA-based developer of protein biomarker technology to detect a range of diseases, has raised $7 million in a Series A funding round, according to an SEC filing. The investors included Courtagen Capital Group of Charlestown, MA, as well as unnamed institutional and individual backers, said R. Brian McKernan, the chief executive … Continue reading “Avantra Bio Finds $7M”
Life Tech, In Competitive Frenzy for Cheap DNA Sequencing, Buys Ion Torrent for $375M
Life Technologies just made a very aggressive move in the ultra-competitive world of fast and cheap gene sequencing. The Carlsbad, CA-based maker of life sciences instruments (NASDAQ: [[ticker:LIFE]]) said today it has agreed to acquire Ion Torrent Systems for a whopping $375 million in cash and stock. And that’s not the end of the deal. … Continue reading “Life Tech, In Competitive Frenzy for Cheap DNA Sequencing, Buys Ion Torrent for $375M”
Mitek Siezes an App Opportunity: Enabling Your iPhone, BlackBerry, or Android Phone to Scan and Deposit Your Checks
San Diego’s Mitek Systems, the developer of optical character recognition and intelligent pattern recognition technologies that processes 10 billion checks a year, might have created a new opportunity in the emerging market for mobile check processing. Today, the U.S. Patent and Trademark Office granted Mitek a utility patent for “systems for mobile image capture and … Continue reading “Mitek Siezes an App Opportunity: Enabling Your iPhone, BlackBerry, or Android Phone to Scan and Deposit Your Checks”
SpaceCurve Raises $1.1M
Seattle-based database company SpaceCurve has raised $1.1 million in equity led by Reed Elsevier Ventures, according to a regulatory filing. The company, founded in 2009, develops scalable databases capable of storing and analyzing large spatial and graph datasets. According to Reed Elsevier’s Web site, Seattle-based Divergent Ventures is also an investor in the company. A … Continue reading “SpaceCurve Raises $1.1M”
Sequenom Builds Lab to Screen Test Results
A new 7,000-square-foot genetic testing laboratory is under construction at Sequenom’s San Diego headquarters. The San Diego Union-Tribune says today the new lab will open later this year, as the company begins to process samples in its “start-over” clinical trial intended to demonstrate the accuracy of its non-invasive test for Down syndrome. Sequenom (NASDAQ: [[ticker:SQNM]]) … Continue reading “Sequenom Builds Lab to Screen Test Results”
Zynga Buys Conduit Labs; Social Gaming Giant’s Footprint Now Includes Boston
[Updated, see page 2] San Francisco-based Zynga, continuing the acquisition spree enabled by the massive success of its social games for Facebook, MySpace, and the Apple iPhone, has acquired Conduit Labs, the three-year-old music gaming company based in Cambridge, MA. Zynga announced the acquisition in a press release. Conduit, headquartered in the Barron Building at … Continue reading “Zynga Buys Conduit Labs; Social Gaming Giant’s Footprint Now Includes Boston”
Google’s Rich Miner Says Timing Is Everything for Android: Three Thoughts from Mobile Monday
Rich Miner was no Billie Joe Armstrong. But I can’t say I’m too sad to have missed Green Day’s concert at Great Woods (Comcast Center) to attend Mobile Monday at Google in Kendall Square last night. OK, maybe I can. But I did pull out a few interesting nuggets from the presentations and demos, which … Continue reading “Google’s Rich Miner Says Timing Is Everything for Android: Three Thoughts from Mobile Monday”
Shopkick Releases iPhone App
Shopkick, a San Francisco startup with $20 million in venture backing from Kleiner Perkins Caufield & Byers and Greylock Partners, today introduced an iPhone app that allows users to earn rewards by visiting retail locations such as American Eagle Outfitters, Best Buy, Macy’s, the Sports Authority, and malls owned by Simon Property Group. The service—a … Continue reading “Shopkick Releases iPhone App”
New Michigan Incubator, NextWave, Helps Businesses Get Capital, Exposure
Nancy Skinner, CEO of NextWave Media Studios and part owner of the just-opened NextWave business space in Troy, MI, describes her new digs as a “different animal” from your average incubator. It is more than just shared office space, she says. “If we deem that your company has good prospects, then we’re going to throw … Continue reading “New Michigan Incubator, NextWave, Helps Businesses Get Capital, Exposure”
$5.1M for Cloudcrowd
San Francisco-based Cloudcrowd, a “Labor as a Service” startup that helps businesses outsource tasks such as data processing to a virtual workforce, has raised $5.14 million in Series A venture financing, according to an August 13 regulatory filing. Draper Fisher Jurvetson led the round, according to several online reports.
The Eyes Have It: GazeHawk Introduces Low-Cost Eye Tracking Studies for Web Designers
This is the third in a series of profiles of companies emerging this summer from Mountain View, CA-based startup incubator Y Combinator. In e-commerce, understanding the psychology of the all-important click is more art than science. No one knows for sure what stimulates Web page visitors to click on certain links and not others; all … Continue reading “The Eyes Have It: GazeHawk Introduces Low-Cost Eye Tracking Studies for Web Designers”
$5M for Shape Up The Nation
Shape Up The Nation, a Providence-based provider of Web software and services for employer wellness programs, said yesterday it has raised $5 million in a Series A funding round. The investors in the round included the company’s management, as well as Boston-based venture outfits Cue Ball Capital and Excel Venture Management. Juan Enriquez, a managing … Continue reading “$5M for Shape Up The Nation”
San Diego’s Zogenix Moving Fast to Commercialize Drug-and-Device Combo
It took centuries for the basic concept of a syringe—a plunger that fits tightly in a tube—to evolve into the medical hypodermic syringe, which uses a hollow needle to inject medication beneath the skin. The founders of San Diego’s Zogenix say they have developed a faster and simpler method for subcutaneous injections—and on a much … Continue reading “San Diego’s Zogenix Moving Fast to Commercialize Drug-and-Device Combo”
Sound Physicians Taps Into Hospitalist Movement, Builds Fast-Growing Healthcare Delivery Business
One of the fastest-growing companies in the Northwest has little to do with high-tech, biotech, or cleantech. Tacoma, WA-based Sound Physicians owes its rapid rise to an innovative form of healthcare delivery that hospitals are flocking to as part of their ongoing quest to save money and improve patient care. Sound Physicians has got to … Continue reading “Sound Physicians Taps Into Hospitalist Movement, Builds Fast-Growing Healthcare Delivery Business”
Susan Windham-Bannister on the State of the State’s $1B Life Sciences Initiative, Part I
It’s been more than two years since Massachusetts Gov. Deval Patrick signed the bill for the state’s plan to invest $1 billion in its life sciences sector over a 10-year period. Susan Windham-Bannister, who started work as chief executive of the quasi-public Massachusetts Life Sciences Center around the time the bill was signed, has since … Continue reading “Susan Windham-Bannister on the State of the State’s $1B Life Sciences Initiative, Part I”
To Screen or Not to Screen, That is the Question
Almost everyone knows someone who has had cancer. It is the disease that seems to strike the most fear in people’s hearts, in part because it seems to affect people so randomly. We all know that if we eat right, exercise and keep our cholesterol low we are less susceptible to heart disease, but cancer … Continue reading “To Screen or Not to Screen, That is the Question”
KaloBios, Seeking to Apply Antibodies Beyond Cancer, Sets Sight on Killing Deadly Lung Invader
The people at Genentech have created an enduring perception about antibodies, which says these Y-shaped protein drugs are really good at specifically targeting cancer cells. When I was at Bloomberg News a few years ago, I learned that investors paid close attention to multi-billion dollar sales trends of the big three antibody drugs for cancer—bevacizumab … Continue reading “KaloBios, Seeking to Apply Antibodies Beyond Cancer, Sets Sight on Killing Deadly Lung Invader”
Cray Inks $25M DofD Grant, G5 Nabs $15M, Google Acquires Jambool, & More Seattle Area Deals New
There were, surprisingly, quite a few Seattle-area technology deals this week, breaking the typically slow summer deals trend we’ve seen recently. In the last week we’ve seen a local supercomputing company nab a pretty hefty Department of Defense grant, a cleantech startup partner with the Environmental Protection Agency, and an info commerce company settle a … Continue reading “Cray Inks $25M DofD Grant, G5 Nabs $15M, Google Acquires Jambool, & More Seattle Area Deals New”
Next Step Living Gets $2.6M Series B, Steps Out Into Green Retrofitting and Remodeling Sector
Boston-based energy efficiency startup Next Step Living announced it has pulled in $2.6 million in a first close of its Series B financing round, led by entrepreneur John McQuillan, who is president and CEO of environmental consulting firm Triumvirate Environmental. Existing investors Black Coral Capital and the Clean Energy Venture Group also participated in the … Continue reading “Next Step Living Gets $2.6M Series B, Steps Out Into Green Retrofitting and Remodeling Sector”
Next Step Living Secures $2,600,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7f066d09-3317-4d83-9324-1d627068c5b8&Preview=1 Date 8/17/2010 Company Name Next Step Living Mailing Address Undisclosed Boston, MA 02140 Company Description Next Step Living is a residential energy efficiency company, providing home energy diagnostics and improvements to the greater New England area. We are a socially-conscious, environmentally focused, results-driven organization dedicated to helping our customers lower their … Continue reading “Next Step Living Secures $2,600,000 Series A Round”
CloudCrowd Holdings Garners $5,140,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4b443923-4cf0-46a9-bb9a-66a08de93776&Preview=1 Date 8/17/2010 Company Name CloudCrowd Holdings Mailing Address 625 2nd St. San Francisco, CA 94107 Company Description CloudCrowd is the next evolution in business process outsourcing. The company uses the Internet to tap into vast underutilized pools of talent, labor, and creativity to get work done, and has completed more than … Continue reading “CloudCrowd Holdings Garners $5,140,000 New Financing”
Runa Garners $9,231,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=239e7b2f-6cf3-4989-b78b-c905875e8dda&Preview=1 Date 8/17/2010 Company Name Runa Mailing Address 520 San Antonio Rd. Mountain View, CA 94040 Company Description The company helps online retailers convert site traffic more efficiently. Website http://www.runa.com Transaction Type Venture Equity Transaction Amount $9,231,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms … Continue reading “Runa Garners $9,231,000 New Funding”
HP Acquires Fortify Software for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c60ff851-1fb2-4902-90a7-f5a370e26f44&Preview=1 Date 8/17/2010 Company Name Fortify Software Mailing Address 2215 Bridgepointe Pkwy San Mateo, CA 94404 Company Description Fortify Software products protect companies from today’s greatest security risk: the software applications that run their businesses. Nearly every application deployed today contains vulnerabilities that can be exploited to cause considerable loss or business … Continue reading “HP Acquires Fortify Software for Undisclosed Sum”