Software News

Wednesday, March 17, 2010

Quick Hit scores distribution deal with IGN for football game
Social sports games developer Quick Hit Inc. has signed a distribution deal with the largest gaming site on the web, IGN, which will make the game available through its network of sites, including Direct2Drive, FilePlanet, AskMen and IGN.com.
Boston iPhone app, GIS Data Hub win tech awards
Mayor Tom Menino announced Tuesday that the Public Technology Institute (PTI) awarded the city of Boston with two technology awards — for its Citizens Connect iPhone application and its GIS Data Hub.
The Mover: Mall Networks CFO Cambray has a record of operational success
Mall Networks Inc.’s new CFO Karen Cambray, 43, is not deterred by the risk of joining a startup. She has been joining startups for over a decade, riding their rollercoasters of risks and rewards.

Tuesday, March 16, 2010

Correlsense corrals $8M in Series B money
Framingham firm Correlsense Ltd. has taken in $8 million in a Series B funding round led by Accel Partners and including existing backers Vertex Venture Capital, eXceed Technology and ProSeed Ventures.

Monday, 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.
Rapid7 finds $2M in VC funding
Rapid7 LLC has raised $2 million of a planned $4 million venture round, the Boston security software company reported in a regulatory filing posted last week.
SS&C reduces IPO pricing to up to $161M
Financial management software firm SS&C Technologies Inc. has priced the terms of its initial public offering, which could bring the Windsor, Conn.-based company between $139.5 million and $161 million.

Friday, March 12, 2010

Satuit buys Lync.NET assets
Satuit Technologies Inc. reports it has acquired the assets of Lync.NET, a Salt Lake City, Utah company making business process automation software for financial advisers and money managers.
Blue Fang Games counting on Facebook gamers
Blue Fang Games LLC, best known for the Zoo Tycoon franchise, has just released a Facebook game called Zoo Kingdom, making it the first traditional game development studio to port its intellectual property to a social site like Facebook.

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.

Tuesday, March 9, 2010

38 Studios strikes a deal with EA to publish Project Mercury
38 Studios LLC, the Maynard video game development company established by Curt Schilling, will be launching a sort of preview game set in the same background world as its planned massively multiplayer online role-playing game, currently called Copernicus. That game, called Project Mercury, has signed on industry titan Electronic Arts Inc. as a publisher.
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.

Monday, March 8, 2010

Postabon pulls in $1.5M VC round
Postabon Inc., a developer of software that identifies local shopping deals for consumers, has raised $1 million of a planned $1.5 million round of venture capital.
Directors reelected to PTC board
Parametric Technology Corp. said shareholders last week reelected directors Paul A. Lacy, Michael E. Porter and Robert P. Schechter to the company’s board, while also endorsing a slate of compensation- and auditing-related measures.
Rcadia grabs European OK for cardiac CT analyzer
Rcadia Medical Imaging Ltd. of Newton says it has won approval in Europe for its automated analysis system for detecting coronary artery disease from a coronary CT scan.

Thursday, March 4, 2010

The Echo Nest wins another $500K NSF grant
Somerville-based maker of “music intelligence” technology The Echo Nest Inc. has been awarded a $500,000 Phase 2B SBIR grant from the National Science Foundation to further develop the company’s technology to analyze music choices by fans.

Wednesday, March 3, 2010

Reflexis reels in $6M in debt, options cash
Dedham retail software maker Reflexis Systems Inc. has taken in $6 million in debt and equity options funding. The company counts among its customers Staples, The Home Depot, Food Lion and Dick’s Sporting Goods.
38 Studios appoints new chief financial and marketing officers
Maynard video game development firm 38 Studios LLC has named two new executives to its leadership team in new chief financial officer Rick Wester and new chief marketing officer Denise Kaigler.
Desktone gets $5.4M in new funding round
Desktone Inc., a Chelmsford developer of hosted virtual desktop environments, has taken in $5.4 million of a planned $12.16 million financing round.
Novell lands $2B takeover offer
Novell Inc. received an unsolicited offer Tuesday from private equity firm Elliot Associates LP, a company stockholder, to acquire the Waltham enterprise software company for $5.75 per share in cash, amounting to about $2 billion.