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Boston’s EnerNOC acquires Boulder, CO -based SmallFoot April 12, 2010

Posted by HubTechInsider in Acquisitions, Startups, Venture Capital.
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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.

Boston’s Hangout Industries, Inc., a developer of a social gaming platform, has raised $2 Million in new equity financing April 6, 2010

Posted by HubTechInsider in Gaming, Startups, Venture Capital, Video Gaming Video Games.
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Boston’s Hangout Industries, Inc., a developer of a social gaming platform designed to run on Facebook and other social media networks, has raised $2 Million in new equity financing from Highland Capital Partners and Waltham’s Polaris Venture Partners.

Boston’s DataXu, a provider of a real-time bidding platform for online display advertisers, raises $11 Million April 1, 2010

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Boston’s DataXu, a provider of a realtime bidding platform for online display advertisers, raises $11 Million from a group of investors including Menlo Ventures, Atlas Venture, and Flybridge Capital Partners.

Boston’s SwapTree, Inc., raises $4.7 Million from a group of undisclosed investors April 1, 2010

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Boston’s SwapTree, Inc., an online trade website, raises $4.7 Million from a group of undisclosed investors.

Boston’s Rapid7, a developer of IT security software, raises $2 Million from Bain Capital Ventures April 1, 2010

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Boston’s Rapid7, a developer of IT security software, raises $2 Million from Bain Capital Ventures.

Boston based Iron Mountain buys Santa Clara, CA-based Mimosa Systems for $112 Million March 8, 2010

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Boston based Iron Mountain buys Santa Clara, CA-based Mimosa Systems for $112 Million. Information management company Iron Mountain Inc (IRM.N) said it acquired Mimosa Systems Inc, a Santa Clara, California-based provider of on-site digital storage services, for $112 million in cash.

With the acquisition, Iron Mountain will now get access to Mimosa’s key customers like United Healthcare Group (UNH.N) and Flextronics (FLEX.O).

The acquisition is expected to “modestly” hurt earnings in its first year, with expected synergies and revenue growth driving significant increases in profits beyond 2010, the company said.

“By combining Mimosa’s on-premises archive with our cloud-based technologies, Iron Mountain can now store, recover and discover digital content wherever it resides,” Iron Mountain Digital president Ramana Venkata said in a statement.

Iron Mountain provides records management, data protection and recovery, and paper shredding services. Until now, Iron Mountain Digital, the technology arm of Iron Mountain, provided cloud-based services to customers.

Boston-based Iron Mountain entered the digital storage segment in 2001 and has made four acquisitions since then.

Iron Mountain’s last acquisition in the digital segment was of e-discovery firm Stratify for $158 million, its biggest deal in the space.

The company has spent about $800 million on acquisitions in the last five years.

“With Mimosa in the fold, what we’re going after is an approximately $10.5 billion market around the things we’re doing today,” Venkata said.

Iron Mountain’s rivals include EMC (EMC.N) and Symantec (SYMC.O).

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The Decline of Boston’s Investment Firms February 7, 2010

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Boston is known as the home to a host of mutual fund firms, and Peter Lynch, of Fidelity Magellan fame, used to brag that he could do better at picking stocks than his peers based in New York. In 1989, Lynch wrote a bestselling (and a book I highly recommend) book, One Up on Wall Street. During Lynch’s tenure, from 1977 to 1990, Magellan gained 29% a year, compared with the 15% return on the S&P 500. Yet a February 2nd Bloomberg news report shows that mutual fund stalwarts such as Fidelity Investments, Putnam Investments, and MFS Investment Management have seen their overall share shrink over the past decade as traditional stockpicking has lost favor among retail investors and returns trailed some rivals. The three held 12% of the $6.9 trillion in equity and bond funds in December, down from 21% a decade earlier. Many in the industry are of the belief that the stockpickers didn’t do a very good job of sidestepping the two recent stock market bubbles.


Investors pulled $37 billion from actively managed stock funds last year, according to Morningstar. Much of that money found its way into bonds, index-tracking funds, or exchange-traded funds – categories where Boston’s big firms have never been strong. The damage has been more than reputational, with the city’s fund companies cutting employment and moving jobs out of state to lower costs.


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Boston Scientific agrees to pay $1.73 Billion in a court patent settlement to Johnson & Johnson’s Cordis Unit February 7, 2010

Posted by HubTechInsider in Health Care IT.
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Boston Scientific agrees to pay $1.73 Billion in a court patent settlement to Johnson & Johnson’s Cordis Unit. A nasty patent fight over heart stents, the tiny mesh tubes that prop open clogged arteries, came to an end on February 1st, when Boston Scientific agreed to pay $1.73 Billion to JOhnson & Johnson’s Cordis unit. The spat, during which the two companies lobbed a dozen lawsuits at each other, dates back to 2003 and involves three separate patents. The rivals haven’t quite buried the scalpel, however: J & J points out in a statement that it is pursuing patent litigation over Boston Scientific’s Promus stents.


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Boston’s online advertising platform BuyWithMe.com raises $5.5 Million from Matrix Partners February 1, 2010

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Boston’s online advertising platform BuyWithMe.com raises $5.5 Million from Matrix Partners.


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Boston’s CitySquares Online, Inc., acquires Boston’s Yokel.com, for undisclosed terms January 24, 2010

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Boston’s CitySquares Online, Inc., a provider of Web-based hyper-local search technologies, acquires Boston’s Yokel.com, a local products searches provider, for undisclosed terms.

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Boston’s Digital Lumens, Inc., a high efficiency lighting company, raises $5 Million in new equity funding January 5, 2010

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Boston’s Digital Lumens, Inc., a high efficiency lighting company, raises $5 Million in new equity funding from a group of investors led by Flybridge Capital Partners, Stata Venture Partners, and Black Coral Capital.

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Boston’s SCVNGR, location-aware mobile games maker, raises $4 Million January 3, 2010

Posted by HubTechInsider in Mobile Software Applications, Startups, Venture Capital, Wireless Applications.
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Boston’s SCVNGR, a maker of a mobile software platform that lets you build location-based games compatible with any mobile phone, raises $4 Million from a group of investors including Google Ventures and Highland Capital.

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Boston’s Auction Holdings Inc. raises $13 Million December 29, 2009

Posted by HubTechInsider in Software, Startups, Venture Capital.
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Boston’s Auction Holdings Inc., a seller of software to estate auctioneers, raises $13 Million from a group of investors including Ascent Venture Partners and Commonwealth Capital Ventures.

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Boston -based Twitter directory OneForty raises $1.25 Million from Flybridge Capital Partners December 24, 2009

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Boston -based Twitter directory OneForty raises $1.25 Million from Flybridge Capital Partners

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Boston’s Artfact, an Online live auction marketplace, raises $13 Million December 22, 2009

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Boston’s Artfact, an Online live auction marketplace, has announced it has raised $13 Million from a group of investors including Commonwealth Capital Ventures and Ascent Venture Partners.

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Boston’s Nexage raises $4 Million in a Series A round of equity financing December 17, 2009

Posted by HubTechInsider in Mobile Software Applications, Startups, Venture Capital, Wireless Applications.
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Boston’s Nexage, a provider of mobile advertising solutions, has announced it has raised $4 Million in a Series A round of equity financing led by GrandBanks Capital and Blackberry Partners Fund

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Today is the anniversary of the Boston Tea Party, this day 236 years ago. December 16, 2009

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Today is the anniversary of the Boston Tea Party, this day 236 years ago.

The Boston Tea Party, this day 236 years ago in Boston Harbor.

The Boston Tea Party, this day 236 years ago in Boston Harbor.

Boston’s OwnerIQ Inc., ad targeting software maker, raises $5.8 Million December 15, 2009

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Boston’s OwnerIQ Inc., an ad targeting software developer, has announced it has raised $5.8 Million in a Series C round of equity funding from a group of investors including Kepha Partners, Atlas Ventures, Common Angels, Egan Managed Capital, and the Massachusetts Technology Development Corporation.

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