EveryScape and Bing Expand Partnership, Raytheon Acquires Applied Signal, Avila Inks Sanofi Deal, & More Boston-Area Deals News
A flurry of pre-holiday announcements of fundings, partnerships, and acquisitions from Boston-area tech and life sciences companies has kept us busy in the past week.
—Cambridge, MA-based car-sharing service Zipcar added a $21 million Series G financing to its funding pot. The deal involved a $20 million investment from Meritech Capital Partners, and $1 million from Pinnacle Ventures. The company also announced it was making two new additions to its board: AOL co-founder and former CEO and chairman Steve Case, and John Mahoney, vice chairman and CFO of Framingham, MA-based Staples.
—Newton, MA-based EveryScape nabbed a partnership deal with Microsoft’s Bing Search Engine, using its technology to deliver “immersive imagery” across Bing’s local search results. EveryScape creates 3-D panoramic tours of restaurants and other businesses by stitching together photos of their interiors. The new deal expands a previous agreement in which EveryScape created 3-D tours for Boston-area restaurants on Bing. Financial terms for the deal were undisclosed, and EveryScape didn’t reveal whether it will receive technology licensing fees and/or a cut of advertising revenues.
—HeartWare International (NASDAQ: HTWR), a Framingham, MA-based maker of heart pump implants, announced it had raised $143.8 million in a public offering of convertible notes due in 2017.
—1366 Technologies of Lexington, MA, added $6 million to its Series B financing. The newest cash brings the second-round financing for 1366, a developer of silicon wafer technology, to $26 million.
—Waltham, MA-based diagnostics firm BG Medicine backed out of its second attempt at going public, withdrawing its filing for a $4.75-million-share initial public offering with a targeted price range of $13 to $15 per share.