Yahoo Acquires Maven, Novell Acquires SiteScape, Eons Spins Off Tributes, Vertex Makes $400M Offering, & More
Venture deals continued to be slow heading into the long weekend, and things will be slow here at Xconomy today—but here’s the action from the past week. Happy Birthday, Misters President!
—Boston’s Vaultus raised $6 million in a round led by Point Judith Capital and joined by Susquehanna International Group and IDG Ventures. The new round brings the total raised by the firm, which makes “mobile middleware,” to $70 million.
—Tizor Systems, a data auditing and protection firm in Maynard, MA, raised $8.3 million in a third round of financing led by Longworth Venture Partners and joined by Masthead Venture Partners, Hummer Winblad Venture Partners, Navigator Technology Ventures, and CommonAngels.
—Online video and advertising firm Maven Networks, also of Cambridge, was acquired by Yahoo for some $160 million in cash.
—As part of an ongoing effort to regroup and refocus, Eons announced it has raised $4.3 million in funding to spin off its obituaries business. The new site will be called Tributes.com.
—Cambridge, MA-based Vertex Pharmaceuticals (NASDAQ:VRTX) braved a scary market to sell more than $400 million worth of common stock and convertible notes; over allotments were exercised in full for both offerings. Much of the company’s spending is focused on its experimental hepatitis C treatment, telaprevir, which is entering Phase 3 clinical trials.
—Waltham, MA-based Novell announced it’s acquiring Maynard, MA-based SiteScape, which makes software for online collaboration