PTC Acquires 4CS, Goby Picked Up by TeleNav, Punchbowl Nabs Funding, & More Boston-Area Deals News
It may be a short week around here, but New England has already seen a crop of acquisitions in the Web, enterprise software, and cleantech spaces, along with some startup financing news.
—Despite announcing deep cuts to its global R&D operation earlier this year, Pfizer signed a 10-year lease with MIT for more than 180,000 square feet in a new building under construction in Cambridge, MA’s Kendall Square. The space makes room for another 400 Pfizer (NYSE: PFE) employees and is expected to be complete by fourth quarter 2013.
—Wind Power Holdings, the Barre, VT-based parent company of wind turbine developer Northern Power Systems, inked a $10.1 million Series C investment. In January of this year, the company raised $12.7 million in equity-based funding.
—Framingham, MA-based online party planning platform Punchbowl raised $578,500 in equity financing from 14 investors. The SEC document reporting the fund raise reveals that Punchbowl has dropped Software from its name.
—Waltham, MA-based Harvest Power, a waste-to-energy cleantech startup, acquired Delaware-based soil and mulch manufacturer Coastal Supply for an undisclosed sum.
—Goby, the Boston-based travel and local search startup that’s been focusing more on mobile applications lately, was acquired for an undisclosed sum by Sunnyvale, CA-based location services firm TeleNav (NASDAQ: TNAV). Goby has raised about $7.5 million from investors such as Kepha Partners and Flybridge Capital Partners.
—PTC, a Needham, MA-based product development software firm, announced its acquisition of 4CS, an Illinois-based maker of technology for warranty and service management. PTC (NASDAQ: PMTC) did not reveal how much it paid for 4CS, but said the acquisition is expected to be neutral to its GAAP and non-GAAP financial results in fiscal years 2011 and 2012.