Magen Biosciences, a Waltham, MA-based company focused on novel dermatology treatments, is acquired by the contract research firm PPD for $14.5 million December 18, 2010
Posted by HubTechInsider in Acquisitions, Biotech, Health Care IT, Pharmaceuticals, Startups.Tags: Acquisitions, Biotech, Biotechnology, Christoph Westphal, Health Care IT, IDG Ventures, Magen Biosciences, Massachusetts General Hospital, pharmaceuticals, PPD, Sirtris Pharmaceuticals, Startups, TVM Capital, waltham, Waltham Massachusetts
add a comment
Image via CrunchBase
Magen Biosciences, a Waltham, MA-based company focused on novel dermatology treatments, will be acquired by the contract research firm PPD for $14.5 million. The firm was founded in 2006 by a well known group of biotech entrepreneuers and investors, including Rich Aldrich, founder of RA Capital, David Fisher, chief of dermatology at Massachusetts General Hospital, and Christoph Westphal, co-founder of Sirtris Pharmaceuticals. Having raised $17 million in seed and Series A financing from a syndicate of backers including ARCH Venture Partners, TVM Capital, and IDG Ventures (now Flybridge Capital Partners), the purchase price is unlikely to result in an exit for Magen’s backers.
Back in 2008, Magen inlicensed for an undisclosed sum a number of derm compounds from Eli Lilly that showed positive anti-inflammatory and anti-proliferative results in preclinical studies. It’s a good thing they did: those compounds were the primary reason for PPD’s interest in the biotech. The buy-out gives PPD an entrée into the specialist field of dermatology. In a press release announcing the news, PPD CEO Fred Eshelman noted that dermatologic treatments generally have a “more straightforward path to regulatory approval.” That’s certainly part of the logic behind moves of another specialist drug maker, Valeant, which is trying to brand itself as a derm power-house thanks to the recent acquisitions of Coria Laboratories, Dow, and DermaTech.
Related Articles
- PPD Sets Record and Distribution Dates for Spin-Off of Furiex Pharmaceuticals (eon.businesswire.com)
- More Downsizing (biojobblog.com)
- DARPA Backs Pulmatrix’s Lung Treatment, Adimab Scores More Pharma Partners, Semprus Secures $18M, & More Boston-Area Life Sciences News (xconomy.com)
- PPD Opens New Office in Beijing, China (eon.businesswire.com)
Oracle acquires Cambridge based eCommerce software provider Art Technology Group, Inc (ATG) for $1.0 Billion in cash November 22, 2010
Posted by HubTechInsider in Acquisitions, Ecommerce.Tags: Acquisitions, Art Technology Group, Cambridge, ecommerce, Oracle Corporation
add a comment
Oracle acquires Cambridge based eCommerce software provider Art Technology Group, Inc (ATG) for $1.0 Billion in cash.
Cambridge, MA based ATG provides high end eCommerce software that is used by more than 1,000 customers globally. By combining forces, Oracle and ATG expect to help businesses grow revenue, strengthen customer loyalty, improve brand value, achieve better operating results, and increase business agility across online and traditional commerce environments.
“Driven by the convergence of online and traditional commerce and the need to increase revenue and improve customer loyalty, organizations across many industries are looking for a unified commerce and CRM platform to provide a seamless experience across all commerce channels,” said Thomas Kurian, Executive Vice President Oracle Development. “Bringing together the complementary technologies and products from Oracle and ATG will enable the delivery of next-generation, unified cross-channel commerce and CRM.”
“The addition of ATG, which brings market-leading products used by some of the largest and most well-known retailers and brands, furthers Oracle’s strategy of delivering industry-specific enterprise applications,” said Bob Weiler, Executive Vice President, Oracle Global Business Units. “This acquisition builds upon our dedication to offer the most complete and integrated suite of best-of-breed software applications and technologies required to power the most demanding companies in the world in every industry.”
ATG’s revenue for the third quarter of 2010 grew to $50.3 million, a 16% increase over third quarter 2009 revenue of $43.4 million. Oracle will pay $6.00 per share in cash for the company. The transaction is subject to stockholder and regulatory approval and other customary closing conditions and is expected to close by early 2011.
Related Articles
- ATG Named a Leader in B2C e-Commerce Platforms by Independent Research Firm (eon.businesswire.com)
- Oracle to acquire e-commerce software maker ATG (seattletimes.nwsource.com)
- Oracle Buys eCommerce Software Giant ATG For $1 Billion (techcrunchit.com)
- Oracle to buy Cambridge software firm ATG for $1 bil (boston.com)
- Oracle to acquire e-commerce software maker ATG (seattletimes.nwsource.com)
- Oracle Buys Art Technology Group For $1B; ATG Founder Joe Chung Expresses Pride, Nostalgia (xconomy.com)
- Oracle Shells out $1 Billion to Buy ATG (securityweek.com)
- Oracle acquires Art Technology Group for $1 billion; eyes e-commerce (zdnet.com)
- Oracle to Acquire ATG; ATG Reports Third Quarter 2010 Financial Results (eon.businesswire.com)
- Oracle drops $1bn on Art Technology Group buyout (go.theregister.com)
Waltham’s Red Bend Software acquires Santa Clara’s VirtualLogix, for undisclosed terms October 4, 2010
Posted by HubTechInsider in Acquisitions, Startups.Tags: Acquisitions, Mobile Applications, Mobile Computing, Mobile phone, mobile software, Red Bend, Santa Clara, Startups, Telecommunication, Telecommunications, VirtualLogix, waltham
add a comment
Waltham’s Red Bend Software, a provider of mobile software management tools, acquires Santa Clara’s VirtualLogix, a provider of real-time virtualization technology for mobile handsets, for undisclosed terms.
Related Articles
- Red Bend Buys VirtualLogix (xconomy.com)
- Red Bend Buys VirtualLogix for Mobile Virtualization (pcworld.com)
- VirtualLogix Now Integrates with New ARM Processor Virtualization Links Enabling Next-Gen Mobile Devices with Advanced Functionality, Performance & Security (eon.businesswire.com)
- VirtualLogix VLX™ Virtualization Software Now Integrates with Cortex A15, Enabling Mobile Device Manufacturers to Begin Next-Gen Designs Today (eon.businesswire.com)
- ISB Corporation Chooses VirtualLogix as Partner for Accelerating Mobile and Embedded Product Development in Japan (eon.businesswire.com)
- Genzyme Sheds Testing Unit, Red Bend Acquires VirtualLogix, Acceleron Forges Alliance with Shire, & More Boston-Area Deals News (xconomy.com)
- Infineon Technologies Selects VirtualLogix VLX Software for New Smartphone Software Architectures (eon.businesswire.com)
- Give Your Phone a Split Personality (nytimes.com)
- Give Your Phone a Split Personality (gigaom.com)
- Cortex™-A15 MPCore™ processor: ARMed to transform mobile devices (e2e.ti.com)
Dover, New Hampshire based Measured Progress acquires Newton’s Nimble Assessment Systems for undisclosed terms October 4, 2010
Posted by HubTechInsider in Acquisitions, Startups.Tags: Acquisitions, New Hampshire, Newton, Startups
add a comment
Dover, New Hampshire based Measured Progress , a provider of student learning and improvement instruction inithe standards-based classroom, acquires Newton’s Nimble Assessment Systems , a provider of computer based testing, for undisclosed terms.
Boxborough’s Lightower Fiber Networks acquires Westford’s Veroxity Technology Partners, for undisclosed terms October 4, 2010
Posted by HubTechInsider in Acquisitions, Startups.Tags: Acquisitions, Boxborough, Data Communications, Fiber Optics, Lightower Fiber Networks, networking, Startups, Telecommunication, Telecommunications, Venture Capital, Veroxity Technology Partners, Westford
add a comment
Image via CrunchBase
Boxborough’s Lightower Fiber Networks, a provider of fiber network and broadband services, acquires Westford, Massachusetts -based Veroxity Technology Partners, a provider of fiber based data and internet connectivity solutions, for undisclosed terms.
Related Articles
- Lightower Buys Lexent (xconomy.com)
- Veroxity Technology Partners Extends Ethernet Service Footprint with Overture’s ISG 6000 (eon.businesswire.com)
- Lexent Metro Acquired by Lightower Fiber (datacenterknowledge.com)
- Lightower Expanding Services to Equinix NY4 Data Center (eon.businesswire.com)
- Veroxity Celebrates Ten Years in Greater Boston (eon.businesswire.com)
Boxborough’s Lightower Fiber Networks, a fiber network provider, acquires NYC’s Lexent Metro Connect October 3, 2010
Posted by HubTechInsider in Acquisitions, Fiber Optics, Startups.Tags: Acquisitions, Boxborough, Fiber Optic, Fiber Optics, Lexent Metro Connect, Lightower Fiber Networks, New Jersey, Startups, Telecommunication, Telecommunications
add a comment
Image via CrunchBase
Boxborough’s Lightower Fiber Networks, a fiber network provider, acquires NYC’s Lexent Metro Connect, a provider of dark fiber networks, for undisclosed terms. Lightower Fiber Networks is headquartered in the same old former DEC building that houses eSpendwise, the employer of the Hub Tech Insider.
Related Articles
- Lightower Buys Lexent (xconomy.com)
- Lexent Metro Acquired by Lightower Fiber (datacenterknowledge.com)
- Lightower Expanding Services to Equinix NY4 Data Center (eon.businesswire.com)
- Lexent Metro Connect Joins Switch and Data’s GeoReachSM Program Providing a Low-Latency, Dark Fiber Network in New Jersey (eon.businesswire.com)
- CNN Features Low-Latency Networks (datacenterknowledge.com)
- Data Center Industry Links for July 26th (datacenterknowledge.com)
Waltham’s OpenPages, a developer of risk management systems, is acquired by IBM October 3, 2010
Posted by HubTechInsider in Acquisitions, Startups.Tags: Acquisitions, Goldman Sachs, IBM, Management, OpenPages, Risk management, Sigma Partners, Startups, waltham
add a comment
Image via CrunchBase
Waltham’s OpenPages, a developer of risk and compliance management systems, is acquired by Armonk, New York -based IBM for undisclosed terms.
In a statement, Rob Ashe, IBM’s general manager of business analytics, said: “Integrating risk management systems across once-divided units and functions is essential to seeing the bigger picture. The combination of IBM and OpenPages will provide a holistic and consistent approach to risk management helping companies combine that insight with performance management to drive better decision making.”
OpenPages is the latest IBM acquisition in Massachusetts. Last month, IBM said it was purchasing Unica Corp. of Waltham for $480 million. Over the years, IBM has scooped up more than a dozen Massachusetts businesses in such fields as data storage and security.
Related Articles
- IBM Acquires Netezza and OpenPages, Boston Scientific Buys Asthmatx, Massachusetts Startup Financing Rebounds, & More Boston-Area Deals News (xconomy.com)
- IBM Buys OpenPages To Spice Up Its Business Analytics Portfolio (techcrunch.com)
- IBM To Acquire OpenPages (informationweek.com)
- IBM picks up risk analytics provider OpenPages to stay on the safe side (venturebeat.com)
- IBM Bets on OpenPages for Its Risk-Management Offering [Voices] (voices.allthingsd.com)
- IBM Buys OpenPages To Spice Up Its Business Analytics Portfolio (Robin Wauters/TechCrunchIT) (techmeme.com)
- IBM Buys OpenPages, 17th Massachusetts Acquisition since 2003 (xconomy.com)
- IBM to acquire OpenPages (infoworld.com)
- OpenPages to Sponsor Compliance Week Webcast on the Future of Compliance (eon.businesswire.com)
- IBM Buys OpenPages To Spice Up Its Business Analytics Portfolio (techcrunchit.com)
Tektronix Communications acquires Chelmsford’s Arbor Networks August 23, 2010
Posted by HubTechInsider in Acquisitions, Startups.Tags: Acquisitions, Arbor Networks, Chelmsford, Network security, Plano Texas, Startups, Tektronix Communications
add a comment
Plano, Texas -based Tektronix Communications, a provider of communications test and network intelligence solutions, acquires Chelmsford’s Arbor Networks, a provider of network security and management solutions, for undisclosed terms.
Related Articles
- Tektronix To Acquire Arbor Networks (informationweek.com)
- Tektronix buys DDoS mitigation firm Arbor Networks (go.theregister.com)
- Tektronix Communications to Buy Arbor Networks (pcworld.com)
- Arbor Networks Acquisition Is a Tale of Two Cities – and a Strategic Move Into Wider World of Wireless (xconomy.com)
- Tektronix Acquires Arbor Networks (xconomy.com)
Chelmsford’s Schafer Corporation acquires St. Louis based Asynchrony Solutions, for undisclosed terms August 22, 2010
Posted by HubTechInsider in Acquisitions, Startups.Tags: Acquisitions, Chelmsford, Startups, Venture Capital
add a comment
Chelmsford’s Schafer Corporation, a provider of scientific analysis and engineering services, acquires St. Louis based Asynchrony Solutions, a provider of software technology, for undisclosed terms.
Related Articles
- Asynchrony Solutions Joins Schafer Corporation (eon.businesswire.com)
Canton, MA -based TriNET Systems, Inc., is acquired by Exeter, RI’s Carousel Industries August 22, 2010
Posted by HubTechInsider in Acquisitions, Startups.Tags: Acquisitions, canton, Canton Massachusetts, Startups, TriNET Systems, Unified communications
add a comment
Image via CrunchBase
Canton, Massachusetts -based TriNET Systems, Inc., a provider of converged communications, IP telephony applications, unified communications, security and managed services, is acquired by Exeter, Rhode Island’s Carousel Industries, a provider of technology solutions, for undisclosed terms.
Related Articles
Billerica’s Echolab is acquired by Blackmagic Design, of Milpitas, CA August 22, 2010
Posted by HubTechInsider in Acquisitions, Startups.Tags: Acquisitions, Arts, Billerica, Blackmagic Design, Production, Startups, Venture Capital, Video, Video editing
add a comment
Image via Wikipedia
Billerica’s Echolab, a designer and manufacturer of video production switches, is acquired by Blackmagic Design, a manufacturer of creative video technology, of Milpitas, CA. Terms were not disclosed.
Related Articles
- Echolab shuts down, will liquidate; is there an opportunity for Blackmagic Design? (feldmanfile.blogspot.com)
- DaVinci Resolve 7 Showcased at Third Annual Amsterdam FCPUG SuperMeet (eon.businesswire.com)
- Blackmagic Design Announces Support for Adobe Creative Suite 5 on Windows and Mac OSX (eon.businesswire.com)
- Blackmagic Design announces immediate support for Adobe Creative Suite 5 (eon.businesswire.com)
- Blackmagic Design acquires Echolab (feldmanfile.blogspot.com)
- Blackmagic Design Acquires EchoLab (eon.businesswire.com)
Media Giant Time Warner Inc. acquires Westwood’s Online Gaming Powerhouse Turbine Entertainment April 21, 2010
Posted by HubTechInsider in Acquisitions, Gaming, Video Gaming Video Games.Tags: Acquisitions, Gaming, Turbine, Video Games, Video Gaming, Westwood
add a comment
Turbine Inc., one of the Boston area’s biggest video game companies, has been acquired by Warner Bros. Interactive Entertainment Inc. of Burbank, Calif., a business unit of Time Warner Inc.
The deal underscores Greater Boston’s increasing prominence as a center for video game development. Financial details of the deal were not released, but a source close to the negotiations said that Warner Bros. will pay as much as $160 million, including sums to be paid to Turbine shareholders in future years if the company meets certain financial targets.
Turbine, a privately-held, venture-backed company in Westwood, is one of the leading makers of Internet-based, multi-player adventure games. The company produces Lord of the Rings Online, Dungeons & Dragons Online, and Asheron’s Call. Thousands of players subscribe to Lord of the Rings and Asheron’s Call, paying monthly fees of around $15 for the right to play and socialize with one another online. More than one million players play Dungeons & Dragons Online.
Acquiring Turbine will give Warner Bros. total control over all future video games based on author J.R.R. Tolkien’s beloved Lord of the Rings novels. Turbine holds an exclusive license to make an Internet-based game based on the books, while last year, Warner Bros. won a license to make non-Internet-based Tolkien video games.
Warner Bros. Interactive has bought a number of game development houses in recent years, in a bid to become a major power in video gaming. In 2007, the company purchased TT Games, a British firm that develops family-friendly products like Lego Star Wars and Lego Batman. In 2009, Warner Bros. bought the assets of bankrupt Chicago game company Midway, maker of the popular Mortal Kombat games. And earlier this year, it acquired a majority stake in Rocksteady Studios, another British developer, which created the hit game Batman: Arkham Asylum.
Nokia acquires Cambridge’s Metacarta for an undisclosed sum April 18, 2010
Posted by HubTechInsider in Acquisitions, Startups.Tags: Acquisitions, Cambridge, Startups
add a comment
Nokia acquires Cambridge’s Metacarta for an undisclosed sum. MetaCarta, a 30-person company based in Cambridge, Mass., specializes in geographic intelligence and location-aware services — both of which should play well with Nokia’s recent emphasis on location technologies for its mobile devices.
Details on how Nokia plans to integrate MetaCarta’s technology were scant Friday. In a statement, Nokia said that it will “be used in the area of local search in location and other services.”
MetaCarta’s two principal software offerings are Geosearch, which organizes and presents information about a particular location, and Geotag, which extracts geographic information from Web content for use in other applications, such as maps.
Location-aware services have become a renewed focus for Nokia as it looks to expand those capabilities for its mobile phones. Back in January, Nokia updated Ovi Maps, and said in early February that the new version had been downloaded more than 1.4 million times in the span of two weeks. Among Ovi Maps’ newer features were turn-by-turn GPS navigation.
Oracle acquires Waltham’s Phase Forward for $685 Million April 18, 2010
Posted by HubTechInsider in Acquisitions, Startups.Tags: Acquisitions, Startups, Venture Capital, waltham
add a comment
The Oracle Corporation has agreed to buy Phase Forward, which makes software used to manage clinical drug trials, for $685 million, the companies said Friday. Oracle, the leading maker of database software, plans to add Phase Forward to its Health Sciences unit. Oracle is paying $17 a share in cash for Phase Forward’s stock, 30 percent more than the $13.08 closing price Thursday. Stock in Phase Forward, which is based in Waltham, Mass., rose $3.72, or 28.4 percent, to $16.80 a share. Stock in Oracle, based in Redwood City, Calif., fell 25 cents to $25.95 a share.
The Phase Forward purchase may help Oracle tap into a growing market for programs that helps make the U.S. health-care system more efficient, said Cross Research analyst Richard Williams. Oracle Chief Executive Officer Larry Ellison, 65, has spent about $42 billion buying 62 companies since January 2005.
Phase Forward delivers its software as a service over the Internet, helping researchers, physicians and regulators access and share data for clinical trials. The company’s programs have been used in more than 10,000 clinical trials by more than 300 companies and organizations, including AstraZeneca Plc, the U.S. Food and Drug Administration, and GlaxoSmithKline Plc.
Phase Forward, founded in 1997, will become part of Oracle’s Health Sciences Global business unit. Oracle, based in Redwood City, California, expects to close the deal in mid-2010.
Tewksbury’s Avid acquires Kaiserslautern, Germany -based Blue Order April 12, 2010
Posted by HubTechInsider in Acquisitions, Startups, Venture Capital.Tags: Acquisitions, Startups, Tewksbury, venture
add a comment
Tewksbury’s Avid, a developer of digital audio and video postproduction technology, acquires Kaiserslautern, Germany -based Blue Order, a maker of a product that transform’s Avid’s production asset management technology into a full media asset management product. Terms were not disclosed.
Boston’s EnerNOC acquires Boulder, CO -based SmallFoot April 12, 2010
Posted by HubTechInsider in Acquisitions, Startups, Venture Capital.Tags: Acquisitions, boston, Startups, Venture Capital
add a comment
Boston’s EnerNOC, a provider of energy management applications, acquires Boulder, CO -based SmallFoot, a developer of wireless demand control products for the small commercial market. Terms were not disclosed.
Waltham’s Metalogix Software acquires Ann Arbor, MI -based StoragePoint April 12, 2010
Posted by HubTechInsider in Acquisitions, Startups, Venture Capital.Tags: Acquisitions, Startups, Venture Capital, waltham
add a comment
Waltham’s Metalogix Software, a provider of products for Microsoft Sharepoint migration, management, and archiving as well as Exchange migration and archiving, acquires Ann Arbor, MI -based StoragePoint, a developer of software that helps organizations to shrink their ShrePoint 2007/2010 content databases by 90% – 95%.
Newton’s Rocket Software, an IBM DB2 Database solutions provider, acquires Waltham’s Computer Corp of America April 6, 2010
Posted by HubTechInsider in Acquisitions, Startups.Tags: Acquisitions, Newton, Startups, Venture Capital, waltham
add a comment
Newton’s Rocket Software, an IBM mainframe DB2 Database solutions provider, acquires Waltham’s Computer Corp of America, a data management product developer for undisclosed terms.
Hub Tech Insider 