Networking News

Wednesday, March 17, 2010

Towerstream buys WiMax assets in Chicago, Nashville
Towerstream Corp., a provider of fixed WiMax service for businesses, plans to pay $1.6 million in cash and common stock to buy certain assets of Sparkplug Communications Inc., giving Towerstream network infrastructure and customers in Chicago and Nashville, Tenn.

Tuesday, March 16, 2010

Digital Lumens emerges with smart LED light grid
Stealthy startup Digital Lumens Inc. has decided to shine a light on itself, revealing its technology — a combination of LED lighting, wireless mesh networking and management software that the company says can reduce the electrical cost of lighting an industrial facility by as much as 90 percent.

Thursday, March 11, 2010

CI adds $500K to mobile travel guide app firm
Connecticut Innovations Inc., the quasi-public agency responsible for technology investing and innovation development, has invested $500,000 into Norwalk, Conn.-based Interactive MOBILE @dvertising Inc.

Wednesday, March 10, 2010

3Com snags networking deal for Aussie outback schools
3Com Corp. has landed a deal to supply networking equipment to the school systems of Australia’s Northern Territory. Officials said it was a multimillion-dollar contract that would run three years.

Tuesday, March 9, 2010

Springpad springs out of Charlestown startup to iPhone
Spring Partners Inc. has launched its first iPhone application, Springpad, which marks the Charlestown startup’s shift in how it both applies its technology and how it makes money from it.
Ruffolo appointed Crossbeam Systems CEO
Crossbeam Systems Inc., a Boxborough-based security plaform developer for high-performance networks, has named Michael Ruffolo as its president and CEO, replacing former CEO Peter Fiore, who died last December.
Report: Mobile VC dollars plummeted in 2009
Venture capital dollars stayed away from mobile technology companies in droves in 2009, according to a report issued yesterday by Mobile Monday Boston. VCs put $338.65 million into local mobile plays in 2009, slightly more than half of 2008’s number of $565.28 million.

Friday, March 5, 2010

Whaleback pulls down $600K more in debt financing
Internet telephony equipment and services company Whaleback Systems Inc. has taken in $600,000 of a planned $1.7 million debt funding.
Boston, Somerville in hunt for high-speed Google Internet network
California's Google Inc. has created a new gold rush — not for the mineral resources of the Golden State, but for a limited number of planned super-high-speed Internet connections that would be 200 times faster than the average connection in the United States.

Wednesday, March 3, 2010

Blackwave surfs on the crest of Internet video growth
As more video gets streamed across the Internet, Acton company Blackwave Inc. has seen a strong interest in its technology to speed up that video — primarily in Asia. To help tap into that interest, the company has just rolled out the latest version of its technology, which it says can boost video delivery performance by up to five times over other systems.

Tuesday, March 2, 2010

OpenCape gets $32M for Cape broadband network
OpenCape Corp. has been told by the U.S. Department of Commerce that it has won $32 million in American Recovery and Reinvestment Act funds for a program that includes a 350-mile fiber-optic network, a wireless microwave network and regional data center.

Friday, February 26, 2010

Brightstar looks to grow in Cambridge
Brightstar Corp. recently landed in Cambridge, establishing a North American beachhead for its services division and hoping to be a shining star guiding mobile operators with the light from its business intelligence.

Tuesday, February 23, 2010

Dexrex dealt $1M more from angels
Dexrex LLC, a Newton maker of technology to manage mobile text and IM communications, has landed $1 million in angel investment that the company says completes its seed funding round.

Friday, February 19, 2010

Growney balances Rudyard VC role with two wireless CEO positions
Two companies, Illume Software Inc. and Isabella Products Inc., are getting access to Rudyard Partners venture capitalist Matthew Growney’s expertise developed from his years at the Lexington venture arm of giant Motorola Inc. Now, he's leading both companies.

Thursday, February 18, 2010

AT&T maps out plans to boost cell coverage
The Bay State will get greater cell phone coverage from AT&T Inc., which announced plans for 2010 that will see it add more than 15 new cell sites and upgrades of more than 60 additional cell sites to 3G.

Wednesday, February 17, 2010

Tech Watch: Plixer's giant customers help spur 30% growth
Network traffic analysis firm Plixer is looking to boost growth through new partners, but most of that growth has come from large companies, despite the fact that they aren’t the target of Plixer’s sales force.

Friday, February 12, 2010

Cisco growth trickles to Boston IT startups
Hopes surged in the IT industry last week after bellwether Cisco Systems Inc. reported double-digit profit growth and plans to hire in the thousands. For any young company, winning a customer of Cisco’s size is an important validation point.

Thursday, February 11, 2010

Cisco eyes new hirings in New England region
Cisco Systems Inc. has big plans to grow its global workforce this year, and New England Cisco officials say the region is no exception. The company has just short of 50 positions they would like to fill locally and expect to fill 15 to 20 of those with people outside the company.

Tuesday, February 9, 2010

M/C Venture's NuVox sale nets $643M
Boston-based venture capital firm M/C Venture Partners has announced the sale of its portfolio company, Greenville, S.C.-based NuVox Inc., to Windstream Corp. for $643 million.

Wednesday, February 3, 2010

Mobile market grows beyond application development
One of the hottest business sectors these days is mobile technology, and mobile software and services are drawing the most interest, with activity from single application developers to mobile data services providers to chipmakers.