ImmunoGen Raises $84M, Cablevision Founder Backs Crimson Hexagon, BzzAgent Bought, & More Boston-Area Deals News
New England IT and life sciences startups warmed up this week with financing and acquisition news.
—Andover, MA-based SiGe Semiconductor scrapped its plans to go public and was instead acquired by Skyworks Solutions (NASDAQ: SWKS) of Woburn, MA, for $210 million upfront and potentially $65 million more tied to certain milestones.
—Nashua, NH-based VGo Communications, a maker of devices for two-way audio and visual conferencing, brought in $4.3 million of a targeted $6 million equity offering, from 11 investors, an SEC filing showed.
—ImmunoGen (NASDAQ: IMGN), the Waltham, MA-based antibody drug developer, raised $84 million in a stock offering, selling 7 million shares at $12 each.
—Boston-based mobile startup Session M snapped up $6.5 million in a Series A financing from Highland Capital Partners, Kleiner Perkins Caufield & Byers (iFund), and other mobile industry leaders. Session M’s founders are veterans of Apple, Quattro Wireless, Gamesville, Lycos, GameLogic, and Meblur.
—BzzAgent, a Boston-based social marketing company, was bought by U.K.-based consumer analytics firm Dunnhumby, for a sum that some media reports pegged at $60 million.