Endeca Scores Some Intel Dollars, MIT Teams with ABB, Another IPO Off the List, & More
We last rounded up last Wednesday, so this installment represents only a few business days’ worth of New England tech deal-making—and yet there’s still much to discuss.
—Burlington, MA-based AptSoft was acquired by IBM for an undisclosed sum. Wade explains how the software firm’s technology fits into IBM’s strategy—and how you can tell when the circus is in town.
—Enterprise search firm Endeca of Cambridge, MA, scored investments from Intel Capital and SAP Ventures worth a combined $15 million. The fact that Endeca’s software runs in parallel on computers with multicore processors was part of the draw for Intel, Wade writes.
—Aveksa of Waltham, MA, raised $12 million in Series B financing led by FTVentures and joined by Pequot Ventures, Charles River Ventures, and Aveksa chairman Barry Bycoff.
—BG Medicine, a molecular diagnostics firm in Waltham, pulled its planned IPO, citing poor market conditions. Coming so soon after the indefinite postponement of Elixir Pharmaceuticals’ debut, the news seemed inauspicious.
—Swiss power and automation firm ABB joined MIT’s Energy Initiative (MITEI) in a 5-year, $5 million partnership to support greentech research and training.
—Boston-based e-commerce company Modiv Media closed an $8 million funding round from Ignition Partners, Oak Investment Partners, and SeaPoint Ventures.
—-Polaris Venture Partners of Waltham, MA, led two big digital media deals: the $20 million Series B financing of online audience measurement service provider Quantcast, and a $29.5 million Series B round for WordPress creator Automattic.
—E-mail marketing firm e-Dialog of Lexington, MA agreed to be acquired by GSI Commerce, an e-commerce company in King of Prussia, PA, for $147.8 million in cash and $9.2 million in stock.
—Spark Capital of Boston invested $15 million in New York’s Inform Technologies, a provider of software for content aggregation on news websites such as CNN.com.