IBM Acquires Netezza and OpenPages, Boston Scientific Buys Asthmatx, Massachusetts Startup Financing Rebounds, & More Boston-Area Deals News

9/22/10

Big Blue is gobbling up all of New England’s IT companies—or at least that’s the impression you’d get from this week’s deals news.

—IBM (NYSE: IBM) announced it will acquire Waltham, MA-based OpenPages for an undisclosed sum. The Waltham firm, whose backers include Goldman Sachs, Globespan Capital Partners, Matrix Partners, Mesirow Financial, Sigma Partners, and North Hill Ventures, makes software for managing corporate risk and compliance activities and will become part of IBM’s Business Analytics software portfolio.

—The OpenPages deal marked IBM’s 17th acquisition of a company based in Massachusetts, or with significant Massachusetts operations, since 2003. Greg gathered the details on all 17 deals, and took a look closer look at strategy behind them.

—No sooner had he done that than IBM announced an 18th Massachusetts acquisition, plunking down a whopping $1.7 billion in cash to pick up Netezza (NYSE: NZ). Marlborough, MA-based Netezza, which raised more than $100 million in its 2007 IPO, makes hardware and software that allows large corporations to combine their storage, server, and database functions in one system. IBM’s acquisition of the firm fits with Big Blue’s recent strategy of expanding its offerings in business analytics.

Lantos Technologies, an imaging company spun out of MIT, raised $1.6 million in a Series A round of funding. Catalyst Health Ventures led the round, and Excel Venture Management and Mass Medical Angels pitched in. Lantos will use the funding to help develop a beta version of its device for 3D imaging and digital mapping of the human ear canal.

—Boston Scientific (NYSE:BSX) announced it will acquire Asthmatx for $193.5 million. The Natick, MA-based medical device maker will also pay Sunnyvale, CA-based Asthmatx payments of up to $250 million, based on sales of Asthmatx’s catheter-based device for treating asthma.

Equity-based investments in Massachusetts tech and life sciences companies grew almost 10 percent between July and August, according to data from private company intelligence platform CB Insights. Thirty firms raised a combined $143.6 million last month, compared to July’s total of $131.4 million. Healthcare was the best-funded sector for the month, with a total of $77.1 million raised, and Internet took second place, with $33.4 million raised.

Data management software maker ActiFio raised $16 million, according to a regulatory filing. New backer Advanced Technology Ventures reportedly participated in the round for the Waltham, MA-based startup, which raised $8 million in a Series A financing led by North Bridge Venture Partners and Greylock Partners earlier this year.

Laser Light Engines of Salem, NH, raised $13 million in a Series B financing round from Braemar Energy Ventures, Harris & Harris Group, and IMAX. The startup, which is developing a custom light source for IMAX’s digital projection systems, among other things, completed a $5 million Series A round in 2008.

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