IRobot Dives into Underwater Robotics, American Superconductor Inks a Supersized Wind Power Deal, BCBSMA Insures Members’ Google Health, & More Deals News
Deal-making took New England tech firms all over the map last week. Let’s start with Beijing.
—Akamai Technologies (NASDAQ: AKAM) of Cambridge, MA, announced it will partner with New York’s The NewsMarket to provide journalists covering the Beijing Olympics with quick and reliable video-clip downloads.
—And speaking of Beijing, a firm there, Sinovel Wind Corporation, inked an agreement to buy $450 million worth of power converters from Devens, MA’s American Superconductor (NASDAQ: AMSC). Sinovel plans to use the equipment to help build wind farms that will almost double China’s wind power capacity by 2011.
—Bedford, MA’s Hologic (NASDAQ: HOLX), a women’s-health focused diagnostics and devices firm, forged an agreement to buy human papillomavirus test maker Third Wave Technologies (NASDAQ: TWTI) for $580 million.
—And speaking of Bedford, iRobot (NASDAQ: IRBT)—newly relocated from Burlington to Bedford—cut a deal with the University of Washington for the commercial rights to the school’s “Seaglider” underwater robot. Greg talked to iRobot cofounder and chairman Helen Greiner about how the deal came about, and what it means for the company and the industry.
—Boston-based recruiting and staffing software developer Bullhorn raised $26 million in a financing round led by Highland Capital Partners and General Catalyst Partners.
—Merrimack Pharmaceuticals of Cambridge, MA, closed a series F round worth $60 million. Credit Suisse First Boston Next Fund, Crocker Ventures, HNI Holdings, funds advised by Noonday Asset Management, TPG-Axon Capital, and WT Investment Advisors Fund participated in the round.
—Blue Cross Blue Shield of Massachusetts became the first health insurance company to partner with Google; sometime this fall all BCBSMA members should be able to begin organizing their health information online via Google Health.
—Monotype Imaging (NASDAQ: TYPE) priced a 5 million share secondary public offering of stock at $12.00 per share. The Woburn, MA, firm, which went public last year, makes digital typefaces and software for text rendering on computers.
—E-commerce platform provider Demandware of Woburn, MA, scooped up the remaining assets of one-time competitor N2N, which folded in late 2007.