Posts Tagged ‘Phase Forward’
Tuesday, July 28th, 2009
NE Tech Stock Index
Vela Systems and FRX get funding, and two startups try to organize the hub’s info in today’s NewsFlash Roundup.
• Vela Systems adds on $4.5M to first round
The Burlington-based maker of mobile field administration software for the architecture, engineering and construction agencies announced in 2007 that it had closed a $6 million Series A. The second close on that fund brings Vela Systems’ Series A to $10.5 million, and its total funding to at least $11.9 million – including a $1.4 million angel round closed in 2006.
• Green plastics startup FRX nets $6M
The two-year old Chelmsford company is developing plastic polymers that are tough and have high melting points that can be used as flame retardant additives. FRX officials said these materials do not include halogens like traditional flame retardants, making them safer for the environment. The materials can also be used as stand-alone plastics.
• Pair of web play startups serve up Hub info
Two new sites — Happn.in, and Venturefizz.com, — are offering themselves up as hubs of all things Boston. One is tracking Beantown’s Twitter memes; the other is mapping the Bay State’s high-tech economy by aggregating job postings, company profiles, news feeds and influential tech blogs in one place. (more…)
Tags: American DG Energy, Annie DeGroot, BBN Technologies, Bessemer, Cerulean Pharma, Egnyte, FRX Polymers, Happn.In, IBM, Inverness Medical, Lux Capital, Maaguzi, Ounce Labs, Phase Forward, Polaris, PolyMedix, UMass Amherst, URI, Vela Systems, Venrock, Venturefizz.com
Posted in Defense, Education & Training, Energy, Entrepreneurship, Envirotech, Financial Services, Hardware, IT, Internet, Life Sciences, Massachusetts, Rhode Island, Software, Startups | No Comments »
Wednesday, July 15th, 2009
New England Tech Stock Index
In today’s Finance Roundup, Raytheon plans a fence in space, DirectoryM invests in its own self, and MTM takes itself private.
• Air Force ‘Space Fence’ nets $30M for Raytheon
The “fence” will use sensors and S-band radars to track small objects in low earth orbit for situational awareness in space. The first radar system is expected to be delivered in 2015.
• DirectoryM invests $2M in its online database
DirectoryM Inc.’s 12 founding employees have ponied up another $2 million to expand the online database centralization startup globally — after buying it out from its investors in March 2007 for $6 million.
• GreenRay lands $2M for affordable solar power
GreenRay develops solar AC modules with fewer parts and simplified installation as a means of lowering cost. The funding will be applied to the manufacturing, distribution and commercial launch of GreenRay’s solar AC module.
(more…)
Tags: Air Force, DirectoryM, GreenRay, KVH, MTM Technologies, Phase Forward, Raytheon, space fence
Posted in Defense, Energy, Envirotech, Financial Services, Hardware, IT, Internet, Life Sciences, Massachusetts, Networks, Rhode Island, Software, Startups, Storage | No Comments »
Wednesday, July 1st, 2009
Lots of biotech, financial, and biotech financial news in today’s Finance Roundup.
• Biotech CombinatoRx to merge with Canada’s Neuromed Pharma
Under the terms of the agreement, Cambridge-based CombinatoRx (Nasdaq: CRXX) will issue shares of common stock to Neuromed stockholders so that, post merger, each company’s shareholders will have 50 percent of the voting power in the combined company. As part of the deal, commercial rights to Neuromed’s pain-management drug candidate Exalgo were sold to Mallinckrodt Inc., a subsidiary of Covidien plc. The deal included an upfront payment of $15 million.
• Cambridge’s Biogen inks $500M deal for MS drug
The drug in question is MS treatment Fampridine-SR, and Cambridge-based Biogen (Nasdaq: BIIB) has licensed its rights for markets outside the United States. Biogen will give Acorda (Nasdaq: ACOR) $100 million in upfront payments and could provide as much as $400 million more based on reaching regulatory and sales milestones, according to officials.
• VC-backed M&As down in Q2
Despite this morning’s news of the $107 million raised through an IPO by LogMeIn Inc. , New England’s VC-backed companies were poorly represented among the quarter’s top M&A and IPO deals. Just one Massachusetts company was among the top M&A deals — Network communications equipment maker Acme Packet Inc.’s purchase of privately held Maynard-based Covergence Inc. in April for $22.8 million. (more…)
Tags: Acme Packet, Biogen Idec, Biopure, CombinatoRx, GlaxoSmithKline, IPOs, LogMeIn, M&As, Nasdaq, NMT Medical, Phase Forward
Posted in Financial Services, IT, Life Sciences, Massachusetts, Software | No Comments »
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