From Atrium to Zettapoint: New England Firms Swept Up by Getinge, EMC, and HuffPo
Here a merger, there a merger, everywhere a merger merger… Some small, medium, and large acquisition news today around New England.
—Localocracy, a Boston-based online town common and community platform, has been acquired by the Huffington Post Media Group and will join the AOL (NYSE: AOL) content unit. The news was first reported by All Things D, which said the deal price was less than $1 million. Localocracy is a finalist in the MassChallenge startup accelerator program.
—Zettapoint, a database management firm based in Concord, MA, and Israel, has been acquired by Hopkinton, MA-based data storage giant EMC (NYSE: EMC) for an undisclosed sum. Israel-based news site Globes, which first reported the deal, puts the price at around $10 million and says Zettapoint’s 15 employees will join EMC Israel. (EMC has an R&D center in Beersheva.) Xconomy reported on EMC’s broader acquisition strategy and plans for growth last fall.
—Atrium Medical, a Hudson, NH-based maker of medical devices for cardiology and radiology, said today it is being acquired by Swedish giant Getinge Group (STO: GETIB) for $680 million. Atrium says it will operate as an independent business unit of Maquet Cardiovascular, a Getinge subsidiary, and will be led by current Atrium president Trevor Carlton. The deal is expected to close later this quarter. Atrium was founded in 1981 and has made a name for itself in healthcare device areas such as catheters, artificial heart components, and soft tissue repair.