Jumptap Grabs $20M, EMC Buys NetWitness, Txteagle Ties Down $8.5M, & More Boston-Area Deals News
Erin Kutz4/6/11Follow @erkutz
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an unspecified strategic investment from CCI.
—Waltham, MA-based health IT firm Forerun raised $2 million in a Series C deal led by the Massachusetts Technology Development Corporation. And a new startup focused on online skills tests, Smarterer, raised $1.25 million from True Ventures, and angel investors Dharmesh Shah, Joe Caruso, and Shikhar Ghosh.
—Hopkinton, MA data storage giant EMC (NYSE: EMC) said it acquired NetWitness, a network security firm based in Virginia.
—Israel-based business news website Globes reported that Boston Scientific, the Natick, MA medical devices maker, paid $5.13 million in cash last November when it bought S.I. Therapies, a make of a catheter device for treating artery blockages. Boston Scientific (NASDAQ: BSX) could pay a total of $24.3 million if S.I. hits certain milestones.
—Txteagle, a Boston- and San Francisco-based developer of a platform for mobile messaging in developing markets, snapped up $8.5 million in Series A financing led by Spark Capital in Boston. Txteagle’s existing seed investors—Flywheel Ventures, RBC Venture Partners, Qualcomm Ventures, and New York angel investor Esther Dyson—also participated in the new deal.
