Boston-Power Expands Series E Round, Storwize Scooped Up By IBM, PerkinElmer Acquires VisEn, & More Boston-Area Deals News
Erin Kutz8/4/10Leave a CommentFollow @erkutz
In the last week, we’ve seen acquisitions in both the life sciences and IT spaces, as well as an IPO and startup funding.
—Curt Schilling’s Maynard, MA-based video game company, 38 Studios, attracted $75 million in loan guarantees from the Rhode Island Economic Development Corporation, according to media reports. In exchange, the company has pledged to move its headquarters to Rhode Island, and says it will bring 450 direct jobs to the state by the end of 2012.
—Andover, MA-based JAZD Markets, a provider of business-to-business, directory-powered marketing platforms, grabbed $4 million in equity funding. The company, which is backed by Commonwealth Capital Ventures and Pilot House Ventures, raised $8 million in 2008.
—IBM acquired Marlborough, MA-based Storwize, a maker of technology for the real-time compression of data. The companies didn’t disclose the financial terms of the transaction, which is slated to close third quarter 2010, though other reports pegged the deal at $140 million. Storwize investors include Bessemer Venture Partners, Sequoia Capital, Tenaya Capital, Tamares Group, and Tokyo Electron Device Limited.
—Wilmington, MA-based Charles River Laboratories International (NYSE: CRL), a provider of lab mice and drug research materials, has terminated its planned acquisition of contract research firm WuXi PharmaTech. It’s paying China-based WuXi (NYSE: WX) a $30 million fee for ending the deal.
—SiGe Semiconductor, an Andover-based maker of radio frequency chips for wireless communications, registered for an initial public offering worth $143.8 million. The company, whose chips enable wireless connectivity for products like personal computers and home entertainment centers, had accrued a deficit of … Next Page »
Erin Kutz is an Associate Editor for Xconomy. You can reach her by e-mail at ekutz@xconomy.com or by phone at (617) 252-0700, or follow her on Twitter at @erkutz.
