VMware Makes Two Acquisitions, Mascoma Picks Up SunOpta Unit, Vela Gets $6M, & More Boston-Area Deals News
The holiday weekend hasn’t seemed to slow down deal-making in New England. We’ve seen acquisitions, funding rounds, and even an IPO registration for companies in the life sciences, software, and energy spaces.
—Drugmaker giant Pfizer said it had agreed to purchase FoldRx Pharmaceuticals, a Cambridge, MA-based developer of drugs for rare diseases like the neurodegenerative disorder called TTR amyloid polyneuropathy. Pfizer (NYSE: PFE) didn’t reveal how much it paid for FoldRx, which has disclosed financing rounds that total about $88 million and come from venture backers such as Alta Partners, Fidelity Biosciences, Healthcare Ventures, Morgenthaler Ventures, Novartis Venture Funds, Novo Ventures, and TPG Biotechnology.
—Hopkinton, MA-based EMC’s (NYSE: EMC) virtualization business unit, VMware, scooped up two California startups, Integrien and TriCipher, to add to its cloud computing efforts. Palo Alto, CA-based VMware (NYSE: VMW) did not reveal how much it paid for the firms, though other media reports have said the Integrien deal was worth about $100 million. Integrien’s software is designed to add feedback and intelligence to virtual applications, while the TriCipher technology adds a layer of security to Internet cloud-based products.
—Human resources software and services company Kenexa (NASDAQ: KNXA) announced its plans to acquire Needham, MA-based Salary.com for a total of $80 million, or $4.07 per share, in cash. Salary.com makes on-demand software for managing employee pay and performance.
—Lebanon, NH-based biofuels technology company Mascoma bought the SunOpta BioProcess unit of food and mineral company SunOpta (NASDAQ: STKL) for about $51 million, according to Canada-based SunOpta. Mascoma will turn the SunOpta BioProcess business into a subsidiary called Mascoma Canada, and will use the technology to improve its process for converting raw, plant-based material into fuel for automobiles.
—Vela Systems, a Burlington, MA-based maker of software for managing construction, architecture, and engineering applications on mobile devices, said it raised $6 million in Series B equity-based funding, led by new investor Autodesk (NASDAQ: ADSK). The financing, which also comes from existing investors Commonwealth Capital Ventures, GrandBanks Capital, and individual investors, will go to meeting new customer demand and supporting the company’s existing partnership with Autodesk.
—Newton, MA-based Life Image, a maker of software for exchanging medical images over the Internet, brought in $5.2 million of a planned $10 million Series B round of funding, according to the company CEO. The financing, led by new investor Cardinal Partners, will go to sales, marketing, and product development.
—Backupify, a Cambridge-based maker of online data management software, announced it had wrapped up $4.5 million in Series A funding led by Avalon Ventures and General Catalyst Partners, with backing from Lowercase Capital and First Round Capital. The company—which provides software-as-a-service products for helping corporate customers manage their information across applications like Gmail, Google Docs, Facebook, and Twitter—has previously raised $900,000 in seed funding from First Round Capital, General Catalyst, Betaworks, and individual investors.
—Bruker Energy & Supercon Technologies, of Billerica, MA, registered for an initial public offering worth about $100 million. The company is a subsidiary of scientific instrument maker Bruker (NASDAQ: BRKR), and plans to use the IPO proceeds for repaying loans, general corporate purposes, research and development, and product expansion.