EMC Secures Microsoft Alliance, Polaris Backs Infinite Power Solutions, ExtendMedia Extends its Balance Sheet by $10M, & More Boston-Area Deals News
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Longworth Venture Partners and Egan-Managed Capital. Existing investors Mesco Ltd. and the Massachusetts Technology Development Corporation also chose to invest again.
—Amesbury, MA-based Viridity reportedly closed a $7 million Series A funding round from Battery Ventures and North Bridge Venture Partners. Viridity aims to boost the efficiency of data centers and decrease their power consumption.
—Westborough, MA-based Clearstory Systems, which provides digital-asset-management software, was bought by New York’s The FeedRoom for an undisclosed price.
—Waltham, MA-based Polaris Venture Partners co-led a $13 million Series B investment in Infinite Power Solutions of Littleton, CO, a startup developing technology for rechargeable thin-film batteries. New York’s D.E. Shaw Ventures was the other lead investor in the round, which was joined by Core Capital Partners, Applied Ventures, and In-Q-Tel.
—Videré Conferencing, a (no surprise) videoconferencing firm in Quincy, MA, was acquired by competitor Providea Conferencing of Camarillo, CA, for an undisclosed sum.
—HealthCare Ventures of Cambridge, MA, and Novartis BioVentures of Cambridge and Basel, Switzerland, were among the investors in a $40.4 million Series funding C round for South San Francisco-based drug developer Catalyst Biosciences.
—GlassHouse Technologies reportedly raised $9.8 million in a Series F financing round led by Cisco Systems. The Framingham, MA-based provider of data-center-management and data-backup services has been in registration for a $100 million IPO since this time last year.
—Hopkinton, MA-based EMC (NYSE: EMC) forged a new deal with Redmond, WA-based Microsoft (NASDAQ: MSFT) under which, among other things, data-protection software from EMC’s RSA security division will be integrated with Windows Server 2008.