Software News

Thursday, February 9, 2012

SpaceClaim draws up a $4M new funding round
Concord CAD software company SpaceClaim Corp. has raised $4 million in a new fundraising round according to an SEC document. CEO Chris Randles said the funds will help it expand distribution channels to keep up with rapid growth.

Wednesday, February 8, 2012

Airvana sues Ericsson over 'knock-off' tech
Airvana Network Solutions Inc. says in a lawsuit that Swedish phone maker Ericsson A.B. has been trying to drive it out of business by secretly developing "knock-off" versions of Airvana tech that Ericsson had been licensing. Airvana is looking for $330 million in damages.

Monday, February 6, 2012

InnoCentive buys OmniCompete for innovation challenges
InnoCentive Inc., a Waltham developer of an incentive platform technology, has acquired OmniCompete Ltd., a U.K.-based provider of innovation competitions in the areas of security, energy, healthcare and cloud computing.

Friday, February 3, 2012

LeveragePoint leverages backers for $713K more
LeveragePoint Innovations Inc., a startup that provides a sales negotiation online platform, has kicked up its initial fundraise to $713,000, according to an SEC filing.

Wednesday, February 1, 2012

Illume's Ross to help straighten out new parent firm
Illume Software Inc.'s CEO Dan Ross repeatedly turned down opportunities to call himself a “white knight” in the purchase deal announced Tuesday in which Florida firm Options Media Group Holdings Inc. will buy the Needham company. But with him being named the CEO of Options Media after the deal closes, Ross is clearly another step in righting a company that has had a troubled past.
SeaChange cuts staff to save company $5M
SeaChange International Inc., a video software firm in Acton, has made layoffs in an effort to streamline operations and save more than $5 million in annualized costs.

Tuesday, January 31, 2012

Enterasys leaving Andover, moving back to NH
Enterasys Networks, maker of telecom and networking hardware and software, is pulling up stakes in Andover, and relocating to a new, larger facility over the border in Salem, N.H.
Illume being bought by competitor Options Media
Illume Software Inc. is being acquired by Options Media Group Holdings Inc., a publicly traded Florida company that makes a software product similar to Illume's iZUP to prevent distracted driving.

Monday, January 30, 2012

RatePoint closing after quiet Constant Contact partial buy
RatePoint Inc. of Needham quietly sold parts of its business to Constant Contact Inc. in November 2011 for an unknown amount. The site will shut down operations as of Feb. 2, according to posting in the customer support part of its website.
Startup Co3 Systems lands Series A round
Stealthy data breach management startup Co3 Systems Inc. has taken in its first round of funding, just five months after launching. CEO John Bruce said the round, from Fairhaven Capital, was somewhere between $5 million and $10 million.

Friday, January 27, 2012

LevelUp launches T-Mobile-backed pay terminals
LevelUp, the customer loyalty deals business spun out of Scvngr Inc., has moved further down the road of a mobile payments company by now offering a terminal for merchants – the first piece of hardware offered by LevelUp or its parent Scvngr.
Bocoup, Atlas launch site to search angel deal data
Startup Data Trends, a web-based service that pulls trends out of data from the angel investment tracking site, AngelList, launched Thursday by Cambridge VC firm Atlas Venture and Boston development shop Bocoup LLC.

Thursday, January 26, 2012

SparkBridge swims out of Vancouver Aquarium, FableVision Studios
SparkBridge Interactive has launched today, tapping former Blue Fang Games COO Scott Triola as its new CEO, and aiming to bring a gamification platform to mobile apps.

Wednesday, January 25, 2012

XLerant adds $3M VC Series B round to budget
Connecticut software company XLerant Inc. has closed a $3 million Series B funding round led by Chrysalis Ventures, the company said Wednesday. The company plans to use the funds to grow sales and marketing efforts in North America.
Azuki adds $5.1M in new funding round
Azuki Systems Inc., an Acton mobile video publishing company, has closed on $5.1 million in a new financing round backed by Kepha Partners of Waltham and Sigma Partners of Boston.
Guest Column: Mobile TV needs to solve the security question to take off
Azuki Systems Chairman Cheng Wu: Today's consumers want to watch their favorite content when they want and on whatever device they choose. With the rise of smartphones, tablets, connected TVs, gaming consoles and streaming players, providing this experience needs to be on every video delivery company’s strategic agenda.
EMC chief Tucci says he won't step down this year
With EMC Corp. setting new earnings records each quarter, chief executive Joe Tucci has abandoned a plan to retire in 2012, he disclosed Tuesday in an earnings call.

Tuesday, January 24, 2012

Bluefin Labs brings in $12M in Series B round
Cambridge startup Bluefin Labs Inc. has raised $12 million in a Series B funding from lead investor Time Warner Investments, the venture financing arm of Time Warner.
OwnerIQ buys R.I. ad serving startup DiJipop
Boston online advertising and media company OwnerIQ Inc. has purchased Providence, R.I.-based adtech startup DiJipop Inc. for an undisclosed amount.
Verivo takes on $10M funding
Verivo Software Inc., the mobile platform play formerly known as Pyxis Mobile Inc., has closed on a $10 million funding round, federal documents show.