Today's News
March 15, 2010

Pegasystems pays up to $162M to buy Chordiant

Pegasystems Inc., an enterprise software company in Cambridge, has signed a deal to acquire California-based Chordiant Software Inc. for up to $161.5 million.

Pescatello named president of New England Biotech Association

At its annual meeting, the New England Biotech Association (NEBA) elected board member Paul Pescatello as its president for 2010. Pescatello serves as director of Connecticut United for Research Excellence (CURE).

Boston Scientific stock drops on heart device recall

Boston Scientific Corp. stock dropped more than 11 percent, after it announced it would temporarily halt shipments and recall inventory of several brands of implantable heart defibrillators because parts of the manufacturing process have not been approved by the U.S. FDA.

Raytheon's Sanchez joins Mass. STEM Advisory Council

Raytheon Co. reports one of its engineers, Alex Sanchez, a senior principal systems engineer at Raytheon IDS, has been appointed to the Massachusetts Governor’s Science, Technology, Engineering and Math Advisory Council.

Connecticut backs diagnostics firm HistoRx

Connecticut Innovations has announced a $1.5 million loan to HistoRx Inc., a New Haven-based firm working on diagnostic solutions for cancer treatment.

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The PITCH

Plummelo Inc.

Employees: 4
Founded: 2008
The Pitch: Plummelo is looking for angel funding to add social networking features to its website and to partner with a grocery store chain.

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Boston counts down to PAX East influx of 60,000 gamers

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From the March 5, 2010 Print Edition

When the Penny Arcade Expo lands for the first time in Boston on March 26 it will offer one thing that no game development company in New England can resist — the chance to get their offerings in front of up to 60,000 game-crazed self-professed nerds and geeks.

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Inside Masshightech.com

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Signature Programs

Women to Watch 2010

Mass High Tech’s Women to Watch program honors 10 New England-based women each year who are leading the way in entrepreneurship, technological innovation and lifelong learning.

Read the profiles of 2009 and past winners »

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Day Pitney LLP Draper Laboratory WiTricity

Celebrate the Mass High Tech All Stars

Each year, Mass High Tech honors the New England tech industry’s pioneers and leaders from such sectors as: Advanced Energy, Biotech, Electronics, Hardware, Internet, Medical Devices, Software and Telecommunications. We also recognize those in support services who make it possible for entrepreneurship to thrive in the region, including lawyers, financiers, educators, public policy makers and association representatives.

Almost 400 members of the innovation community gathered at the Boston Park Plaza Hotel to honor the 2009 MHT All-Stars. You can read the profiles of the 15 honorees and past recipients, and learn more about the awards reception.

Now it’s time to look ahead to 2010, and the 15th Annual MHT All-Stars program. Nominations are now open, and we encourage you to submit the names of the people that you view as the leaders of your industry sector. Who provides ideas, innovation and vision? Which executives have changed the way people do business in your industry? Who are the thought leaders in your market? Who are the trailblazers for new technologies, the market makers for New England? Help us identify these leading players by nominating them now.

Tech Forums

Mass High Tech hosts four tech-focused forums throughout the year that include panel discussions on issues of concern for the bio, cleantech, emerging tech and finance industries.

Watch here for information on upcoming forums and highlights from recent forum events:

Finance Forum
BIOForum
"High risks, high rewards: Avoiding the pitfalls of partnerships"
Entrepreneurs and experts will explore the dangers of jumping into a partnership too early, strategies for due diligence in potential partners and strategy distinctions between longer-term operational partnerships vs. onetime product alliances.
CleanTech Forum
Emerging Technologies Forum

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Tech Citizenship: How is your company giving back to the community?

Mass High Tech annually honors New England technology companies that use their innovation to improve their communities as part of our Tech Citizenship Awards program. Now is the time to detail how your organization has helped charities and other non-profits through financial contributions, staff time, technology or other forms of assistance. The 24 outstanding tech citizens were honored at a breakfast event at the Seaport Hotel. Read about their charitable efforts and learn how they met the criteria to be named a Tech Citizen. Their stories offer ideas from which we can all learn.

Know a generous company? Nominations are open for the 2010 Tech Citizenship Awards.

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New England Tech Stock Index

The New England Technology Stock Index (NETSI) provides a snapshot view of the performance of the region’s publicly traded companies. View the index »

Mass High Tech’s 2009 Technology How-To Guide covers the issues concerning high tech business and how to tackle them — issues ranging from overseas expansion and venture capital funding to choosing an MBA program and cutting your company’s energy bill.

On the MHT blog now

Women’s wisdom comes back around

By Michelle Lang If you’ve ever heard the lyrics to Brad Paisley’s “Letter to Me”, you know that the country crooner made a song of taking his adult wisdom and imparting it on his 17-year-old self, reminding him not to bother arguing with his dad, to enjoy the adventure of his date with Bridget, and to thank his teacher for spending time with him. The same concept is done daily by pa...

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Udine4Less.com

Founded in 2007, Udine4less.com is an online portal for coupons, menus, specials and other restaurant-related items. The company is based in Gloucester.

Other startups featured in our weekly Startup Report and listed in our online directory:

Want to be considered for the Startup Watch? Contact the Startup Watch editor.

Business Calendar

Upcoming Events:

Mar. 16th

Adobe® InDesign® CS4: Basic Workshop

In this course, you'll work with some of the tools and features of Adobe InDesign CS4 to create eye-catching printed documents. Intended Audience: This course is intended for graphic designers, creative professionals, print professionals, publishers, pre-press professionals, and marketing communications professionals.

Mar. 16th

PEN 2010 Business Plan Contest

The Princeton Entrepreneurs' Network of Boston is holding its annual Business Plan Contest. This is an excellent opportunity for those who wish to bring their ideas to market to connect with and get feedback from seasoned entrepreneurs, venture capitalists and other service providers.

Mar. 16th

XPX Summit: Engage, Educate and Exit: Delivering Value to the Owner-Managed Business

Join other trusted advisors and business owners for an educational and inspiring opportunity to share firsthand accounts, exchange best practices and learn from other practitioners who are responsible for advising the business owner on issues surrounding their exiting goals.

Mar. 16th

Boston World Partnerships: Odd Pairing Experiment

Our One Year Anniversary celebration will also mark the launch of our new event series, the Odd Pairing Experiments, with speakers Mayor Thomas M. Menino; Mark Turrell, CEO of Imaginatik; Bill Brett, photojournalist for The Boston Globe; and Sangita Chandra, BWP Connector and Emmy-award winning producer of WCVB’s Chronicle.

Mar. 16th

Breakfast Seminar: Leveraging New and Emerging Technologies to Enable Patient-Centered Primary Care

Join us for an interesting discussion with different points of view and learn how changes in health care will occur and the new and emerging technology enablers in the deployment of patient-centered primary care.

Mar. 16th

Smart Fixes For Underperforming Web Pages

Does your Web site have more holes than Swiss cheese? Learn how to fix your web pages and strengthen your online conversion rate.

Mar. 16th

IEEE P&ES talk on Power Transformer Diagnostics: Novel Techniques and their Application

This presentation will discuss both 'standard' and 'novel' electrical tests on power transformers and the benefits to owners/operators of the data obtained.

Mar. 17th

Adobe® InDesign® CS4: Advanced Workshop

In this course, you will use the advanced features in InDesign to create documents that are attractive and have the highest degree of perfection. You will use Adobe InDesign CS4 to create and design content for print and web. nSight is an Adobe Authorized Training Center.

Mar. 17th

Algae and Energy in the Northeast Conference

Some of the foremost algae researchers and entrepreneurs have been invited to present the current state and projected future of algae as a biofuel feedstock at this 2-day event geared toward researchers, innovators, college students and professionals within the energy, agriculture, academic, business, or government sectors.

Mar. 17th

Dinner Program - Making of the Green: How to Set Up Your Own Business

Come for a presentation about deciding whether to go independent with a business. Even if you don’t plan to go solo, many of the topics, such as career flexibility, branding, and staying current, may apply to you.