OLPC Teams With Microsoft, Wired Bonds with Ars Technica, Greenfuel Gets More Green, & More Deals News
There was a steady flow of Boston-area deals last week—not to mention a couple of nice ones for our fellow tech-media companies.
—The One Laptop Per Child Foundation forged an agreement with Microsoft to make versions of the foundation’s XO laptop that run Windows XP (even as former OLPC president of software and content Walter Bender established a new foundation to further development of the open-source graphical interface originally created for the XO). OLPC hopes the Microsoft deal will help ease acceptance of the laptop among government officials.
—Malden, MA-based computing blog Ars Technica was snatched up by Condé Nast, the owner of Wired, for a reported $25 million. The popular blog will effectively become part of Wired.
—Cambridge, MA’s Greenfuel Technologies extended its Series B financing round with an additional $13.9 million from existing investors Polaris Venture Partners, Access Private Equity, and Draper Fisher Jurvetson.
—OmniGuide, a telecom company turned medical device firm in Cambridge, MA, closed a $25 million Series E financing round. The deal was led by Psilos Group and joined by existing investors Ray Stata, Stata Venture Partners, 3i, Argonaut Ventures, ESI, Gainesborough Investments, Jeff Swartz, and Westbury Partners.
—Our fellow neighborhood online media firm, Greentech Media of Cambridge, MA, closed a Series B financing round worth $2.75 million led by EGORA Holding and the Massachusetts Green Energy Fund.
—Search engine optimization and marketing firm Hubspot of Cambridge, MA, raised $12 million in a Series B round led by Matrix Partners.
—Xanthus Pharmaceuticals of Cambridge, MA, was bought by the U.K.’s Antisoma for about $52 million in stock.
—Boston’s Iron Mountain, an information protection and storage firm, bought DocuVault of Denver, CO, for an undisclosed sum.