The Boston tech scene lands its first IPO of 2019. DataRobot rakes in about $200 million more. Pushback on facial recognition spreads from Somerville, MA, to neighboring Cambridge. Markforged and Desktop Metal head back to court. Read on for more of this week’s Boston tech news. —Burlington, MA-based software company Everbridge (NASDAQ: [[ticker:EVBG]]) is acquiring … Continue reading “Boston Tech Watch: Jobble, Soofa, Dynatrace, Markforged & DataRobot”
Tag: Thoma Bravo
Dynatrace Shares Jump, Marking First Boston-Area Tech IPO of 2019
Shares of Waltham, MA-based software intelligence firm Dynatrace hit the public markets for the first time today, and it was a strong debut. Bankers elevated the initial stock pricing above earlier estimates, and then traders pushed the value higher, to $25 a share at midday. The first IPO this year of a tech company headquartered … Continue reading “Dynatrace Shares Jump, Marking First Boston-Area Tech IPO of 2019”
Software Intelligence Firm Dynatrace Aims to Raise $427M in IPO
[Updated 7/22/19, 1:15 pm: Added IPO timing and updated headline.] Enterprise software business Dynatrace plans to take in $427.2 million from its initial public offering, the Waltham, MA-based company says in a new filing that sets the terms for its intended public market debut. The company says it will sell 35.6 million shares at a potential … Continue reading “Software Intelligence Firm Dynatrace Aims to Raise $427M in IPO”
From Buyout to Spinout to IPO? Dynatrace Eyes $300M Public Offering
Dynatrace, a 14-year-old enterprise software intelligence company, has filed papers to raise $300 million from an initial public stock offering aimed at restocking its war chest and shrinking its sizable debt. If it follows through on the IPO plans, the Waltham, MA-based company would list its shares on the New York Stock Exchange under the … Continue reading “From Buyout to Spinout to IPO? Dynatrace Eyes $300M Public Offering”
Talk of Broadcom Buyout of Symantec Puts Broader IT Focus Into View
Broadcom is once, twice, three times a multi-billion-dollar dealmaker (well, basically) in the past year if it follows through on its reported talks to acquire Mountain View, CA-based cybersecurity giant Symantec. The potential acquisition, which was first reported Tuesday by Bloomberg citing anonymous sources, represents Broadcom’s continued (NASDAQ: [[ticker:AVGO]]) interest in broadening its business beyond … Continue reading “Talk of Broadcom Buyout of Symantec Puts Broader IT Focus Into View”
Veracode CEO Sam King on Surviving Whirlwind of Cybersecurity M&A
Life has been changing at Veracode so rapidly in the past two years that you could easily forgive someone for not remembering who owned the company on any given day. Focused on cybersecurity for application development, Burlington, MA-based Veracode had raised about $150 million and grown to a couple hundred employees by 2017 and at … Continue reading “Veracode CEO Sam King on Surviving Whirlwind of Cybersecurity M&A”
Recorded Future Bought for $780M in Latest Boston Cybersecurity Deal
Recorded Future is being acquired by tech investor Insight Partners in a $780 million all-cash deal, the cyber-threat intelligence company announced this morning. Insight Partners, a New York-based venture capital and private equity firm, led a $25 million round of funding that Recorded Future raised in October 2017. At the time, the cash put the … Continue reading “Recorded Future Bought for $780M in Latest Boston Cybersecurity Deal”
Scaleworks Acquires SearchSpring for First Deal From Second Fund
San Antonio—Scaleworks is acquiring SearchSpring, a Denver, CO-based business that makes search and navigation systems for online stores and ecommerce businesses. The acquisition is the first for Scaleworks’ $80 million second fund, which the San Antonio investment firm announced it had raised in February. Founded in 2016, Scaleworks branded its investment style as a mix … Continue reading “Scaleworks Acquires SearchSpring for First Deal From Second Fund”
Cliently Moves to San Antonio With $1M Round Led by Active Capital
San Antonio—Automated sales software maker Cliently is moving to San Antonio from South Carolina after receiving a $1 million seed funding round led by San Antonio investment firm Active Capital. Cliently sells software to small- and medium-sized businesses that helps them interact with prospective and current clients throughout the sales process. The software can hook … Continue reading “Cliently Moves to San Antonio With $1M Round Led by Active Capital”
CD&R Buys Majority Stake in San Antonio’s Sirius Computer Solutions
San Antonio—New York investment firm Clayton, Dubilier & Rice (CD&R) has acquired a majority stake in Sirius Computer Solutions, which provides a variety of security, cloud, and various other IT services to customers, typically offering products from companies it partners with, such as IBM or Cisco. Terms of the acquisition price weren’t disclosed. Sirius has … Continue reading “CD&R Buys Majority Stake in San Antonio’s Sirius Computer Solutions”
Thoma Bravo Acquires San Antonio’s Mailgun as Scaleworks Takes Exit
San Antonio—Thoma Bravo has acquired a majority stake in Mailgun Technologies, a spinout of Rackspace that offers software to help developers manage automated e-mail systems for their employers. Mailgun separated from cloud computing service provider Rackspace in 2017, securing a $50 million financing round led by Turn/River Capital, Rackspace, and San Antonio investment fund Scaleworks … Continue reading “Thoma Bravo Acquires San Antonio’s Mailgun as Scaleworks Takes Exit”
So You Want to Start a Cybersecurity Company?
Cybercrime has become a global epidemic. Attacks will cost the world $6 trillion by 2021, research firm Cybersecurity Ventures says-–the greatest transfer of economic wealth in history and more profitable than the trade in all major illegal drugs. As the threat keeps rising, the cybersecurity industry keeps growing. According to data released in January by … Continue reading “So You Want to Start a Cybersecurity Company?”
Broadcom to Sell Veracode for $950M After $19B CA Technologies Deal
Broadcom is selling application security testing business Veracode for $950 million to private equity firm Thoma Bravo. Broadcom gained Veracode as a part of its blockbuster acquisition of CA Technologies. Broadcom (NASDAQ: [[ticker:AVGO]]) announced in June it would acquire CA Technologies (NASDAQ: [[ticker:CA]]) for $18.9 billion, and announced today it has completed that deal. New … Continue reading “Broadcom to Sell Veracode for $950M After $19B CA Technologies Deal”
Boston Tech Watch: ICO Shutdowns, MIT Media Lab Fund, Webb’s New Gig
Here are some of the latest headlines in Boston-area tech: —Massachusetts Secretary of State William Galvin’s office said it put a stop to “initial coin offerings” by five companies based here, saying that they violated securities laws. That action follows the January filing of administrative charges against another company, Caviar, claiming its ICO was an … Continue reading “Boston Tech Watch: ICO Shutdowns, MIT Media Lab Fund, Webb’s New Gig”
WP Engine Gets $250M From Silver Lake as PE’s Hunger For Tech Grows
Austin—WP Engine, a seven-year-old company that hosts and manages WordPress websites for businesses, is taking a $250 million investment from private equity giant Silver Lake Partners. WP Engine says it helps some 75,000 businesses around the world build and operate their websites on WordPress, working with customers on anything from technical issues when building pages … Continue reading “WP Engine Gets $250M From Silver Lake as PE’s Hunger For Tech Grows”
Boston Tech Watch: Datto, Ultimaker, Brand Networks, Imprivata & More
[Corrected 11/8/17, 2:11 pm. See below.] This week in Boston tech, we’re tracking the latest private equity investments in tech startups; venture capital deals in cybersecurity, healthcare IT, and advanced materials production; and a pair of executive hires. Read on for details. —Datto, a Norwalk, CT-based provider of data protection and networking products, signed an … Continue reading “Boston Tech Watch: Datto, Ultimaker, Brand Networks, Imprivata & More”
Following Wave of Interest in Cybersecurity, SailPoint Files for IPO
Austin—SailPoint Technologies, a cybersecurity company that was acquired by private equity firm Thoma Bravo in 2014, wants to become a public company. SailPoint filed paperwork for an initial public offering on Oct. 20, and plans to list on the New York Stock Exchange under the symbol SAIL. SailPoint is approaching the markets during a high … Continue reading “Following Wave of Interest in Cybersecurity, SailPoint Files for IPO”
Tech Execs on the Move: Dell EMC, General Catalyst, Imprivata & More
Here are some of the latest notable hires and departures in the Boston-area tech scene: —Imprivata chief technology officer David Ting has left the healthcare IT security software company, Xconomy has learned. Ting co-founded the Lexington, MA-based company over a decade ago. Imprivata went public in 2014, then agreed to be acquired last year by … Continue reading “Tech Execs on the Move: Dell EMC, General Catalyst, Imprivata & More”
AVX Partners Makes Fourth Growth Investment, in Canada’s Tasktop
Austin—AVX Partners, the small growth-stage venture firm that sprouted from Austin Ventures in 2015, has made its fourth investment: in Tasktop, a Vancouver, BC-based software maker. Tasktop is getting $11.6 million in new funding in a round led by AVX, which contributed $8 million. Filling out the round were Austin Ventures and Vancouver-based Yaletown Partners, which … Continue reading “AVX Partners Makes Fourth Growth Investment, in Canada’s Tasktop”
Boston Tech Watch: Nuance, Gamalon, Grapevine, Data3Sixty & More
Here are some notable recent deals made by Boston-area tech companies: —Burlington, MA-based Nuance Communications (NASDAQ: [[ticker:NUAN]]) has acquired mCarbon, a Noida, India-based provider of telecommunications products and services, for an estimated $36 million in cash and stock, according to a report by The Economic Times. —Boston-based Grapevine has sold a majority stake in the … Continue reading “Boston Tech Watch: Nuance, Gamalon, Grapevine, Data3Sixty & More”
No Profits, No Problem: Imprivata Bought by Private Equity for $544M
One of the stalwarts of Boston’s technology scene is going private again. Lexington, MA-based Imprivata, a developer of health IT security software, is getting bought by a private equity firm two years after going public. Imprivata has agreed to be acquired by Thoma Bravo for about $544 million. The price per share ($19.25) represents a … Continue reading “No Profits, No Problem: Imprivata Bought by Private Equity for $544M”
Expedia Buys Austin’s HomeAway for $3.9B
HomeAway, the provider of an online marketplace for vacation rentals, has sold to Expedia for $3.9 billion in cash and Expedia stock, the third multibillion-dollar deal involving an Austin, TX, company this fall. Seattle-based Expedia set HomeAway (NASDAQ: [[ticker:AWAY]]) in its sights because it has been seeking a way to enter the “alternative accommodations” sector … Continue reading “Expedia Buys Austin’s HomeAway for $3.9B”
Texas Roundup: Solar Winds, VMware, Procyrion, Houston Tech Center
It was a soggy weekend in Texas, so happy Monday as we get on with the week. Let’s recap the most recent innovation news in the state. —Austin, TX’s Solar Winds was taken private by PE firms Thoma Bravo and Silver Lake Partners. (Two years ago, Silver Lake also took Dell Computer private.) The 16-year-old … Continue reading “Texas Roundup: Solar Winds, VMware, Procyrion, Houston Tech Center”
SolarWinds Bought for $4.5B in Austin’s Second Megadeal
Austin, TX has attracted attention for its rapid population growth in recent years. But after SolarWinds (NYSE: [[ticker:SWI]]) announced the region’s second multibillion-dollar deal this month, megamergers may be turning into Austin’s calling card. Private equity firms Thoma Bravo and Silver Lake Partners are taking Austin-based SolarWinds private in a deal valued at $4.5 billion. … Continue reading “SolarWinds Bought for $4.5B in Austin’s Second Megadeal”
Dynatrace and Keynote Merge to Dominate in App Performance
Quick: name a Boston-based software company with 1,700 employees, $450 million in annual revenue, and plenty of room to grow. Oh, and it’s also currently running a 26 percent pre-tax profit, according to its CEO. That would be Dynatrace, which was spun out of Detroit tech giant Compuware last December after the latter was bought … Continue reading “Dynatrace and Keynote Merge to Dominate in App Performance”
Compuware Goes Private in $2.5B Deal, Seeks Flexibility in Tech Wars
Compuware announced today that it has been purchased by Thoma Bravo, a private equity firm with offices in San Francisco and Chicago, for $2.5 billion. Under the terms of the agreement, Compuware shareholders will receive $10.92 per share, a 17 percent increase over the company’s closing stock price on Friday. Compuware’s board has approved the … Continue reading “Compuware Goes Private in $2.5B Deal, Seeks Flexibility in Tech Wars”
Texas Roundup: CPRIT, Saranas, SailPoint, Leto Solutions, Bearch
Here is the latest innovation news around Texas: —San Diego-based Curtana Pharmaceuticals is making the move to Texas after receiving a $7.2 million grant from the Cancer Prevention and Research Institute of Texas. The agency, known as CPRIT, awarded 101 research, prevention, and product development grants totaling about $107 million on Wednesday. Curtana, which was … Continue reading “Texas Roundup: CPRIT, Saranas, SailPoint, Leto Solutions, Bearch”
Austin Identity Management Software Maker SailPoint Sets New Course
Many startups grow by gobbling up competitors or by becoming part of a bigger company. Austin, TX-based SailPoint is pursuing a strategy that allows it to do both. On Wednesday, the maker of identity management software announced it sold a majority stake to Thoma Bravo, a private equity firm located in Chicago and San Francisco. … Continue reading “Austin Identity Management Software Maker SailPoint Sets New Course”
Texas Roundup: New funds for Castle, Quarri, Omni Water, & Pivot3
“Always be pitchin’.” That’s the mantra of student entrepreneurs from the University of Houston and Rice University today as they practice for a first joint demo day this afternoon. We’ll report back on the event tomorrow, but, in the meantime, here are news highlights from the Texas innovation community in the past week. —Castle Biosciences, … Continue reading “Texas Roundup: New funds for Castle, Quarri, Omni Water, & Pivot3”
Attachmate Buys Novell for $2.2B—the End of an Era
Novell, the Waltham, MA-based networking and workload management software firm (NASDAQ: [[ticker:NOVL]]), said today it has agreed to be acquired by Seattle-based Attachmate for $2.2 billion in cash. The deal represents a purchase price of $6.10 per share, a 9 percent increase over Novell’s closing stock price on Nov. 19. Novell also said it is … Continue reading “Attachmate Buys Novell for $2.2B—the End of an Era”
Double-Take’s $242M Sale Brings Windows Data Protection to IBM-Focused Firm, Vision Solutions
Here’s an interesting snapshot of a Boston-area public tech company getting bought by a West Coast firm. In May, we reported that Southborough, MA-based Double-Take Software was being acquired by Vision Solutions, based in Irvine, CA, in a deal worth $242 million. Today, Vision is announcing that the acquisition has officially closed. Double-Take (NASDAQ: [[ticker:DBTK]]) … Continue reading “Double-Take’s $242M Sale Brings Windows Data Protection to IBM-Focused Firm, Vision Solutions”
C-Crete Wins $100K, BioSphere and Double-Take Get Taken Out, General Compression Adds to Series A, & More Boston-Area Deals News
We saw a mix of headlines on early funding rounds, business plan competitions, and acquisitions from startups in the software, mobile hardware, Internet, energy, and biotech sectors. —Cambridge, MA-based Sand 9, a maker of tiny timer and frequency control technology for wireless devices, said it secured a $12 million Series B financing, led by new … Continue reading “C-Crete Wins $100K, BioSphere and Double-Take Get Taken Out, General Compression Adds to Series A, & More Boston-Area Deals News”
Double-Take Acquired for $242M
Double-Take Software (NASDAQ: [[ticker:DBTK]]), a Southborough, MA-based maker of software for data protection and recovery, announced it will be acquired by Vision Solutions, an Irvine, CA-headquartered portfolio company of private equity firm Thoma Bravo. The deal has a net value of about $242 million and puts Double-Take common stock at $10.55 a share, a 21 … Continue reading “Double-Take Acquired for $242M”
Avila Sets Out to Take on Vertex, CombinatoRx Nails FDA Approval, Millipore Opts for Merck KGaA over Thermo Fisher, & More Boston-Area Life Sciences News
Stories of drugmakers, deals, health IT companies, and even some nonprofits made it a busy life sciences news week for us. —Waltham’s Avila Therapeutics is on a quest to outdo well-known Boston drugmaker Vertex Pharmaceuticals when it comes to treating hepatitis C, Luke wrote last week. The company’s drugs rely on forming covalent bonds to … Continue reading “Avila Sets Out to Take on Vertex, CombinatoRx Nails FDA Approval, Millipore Opts for Merck KGaA over Thermo Fisher, & More Boston-Area Life Sciences News”
Amicas Warms Up to Merge Healthcare’s Buyout Bid
Amicas has changed its tune about its competitor Merge Healthcare’s efforts to buy the Boston-based software firm. After criticizing those efforts last month, Amicas’s board says that Merge’s updated buyout offer is superior to the one it had agreed to accept from the private equity group Thoma Bravo in December. Milwaukee-based Merge is offering to … Continue reading “Amicas Warms Up to Merge Healthcare’s Buyout Bid”
Luminus Devices Nabs $19M, Aveo Sets IPO Range, Thermo Fisher Scientific Reportedly Makes $6 B Move on Millipore, & More Boston-Area Deals News
It was a good week for venture dealmaking among New England’s tech and life sciences firms. —Needham, MA-based Stata Venture Partners led a $7 million Series B financing round for NABsys, a Providence, RI-based firm developing a DNA sequencing technology that employs silicon chips for rapid electronic detection of DNA sequences. —Boston-based Battery Ventures sold … Continue reading “Luminus Devices Nabs $19M, Aveo Sets IPO Range, Thermo Fisher Scientific Reportedly Makes $6 B Move on Millipore, & More Boston-Area Deals News”
Rival Buyout Offer for Amicas
Boston-based radiology information management company Amicas (NASDAQ: [[ticker:AMCS]]), which had been on the verge of a buyout by Chicago- and San Francisco-based private equity firm Thoma Bravo, said today it has received a rival offer from Merge Healthcare (NASDAQ: [[ticker:MERG]]), a Milwaukee, WI-based provider of radiology workflow management software. The Merge offer of $6.05 per … Continue reading “Rival Buyout Offer for Amicas”
The Boston Deals You Missed During the Holidays: Cash for Kala Pharma, Funds for ViewFinity, Silver for SCVNGR, & More
Feeling a bit out of the loop on the New England tech and life sciences news? Don’t fret. We’ve compiled the Boston-area deals you may have missed during the last couple of weeks of 2009. There were enough of them to indicate that tech lawyers and execs were quite busy over the break. —Waltham, MA-based … Continue reading “The Boston Deals You Missed During the Holidays: Cash for Kala Pharma, Funds for ViewFinity, Silver for SCVNGR, & More”