Oracle Scoops Up Endeca, Kleiner Perkins and Google Ventures Back Foundation Medicine, Care.com Collects $25M, & More Boston-Area Deals News
New England’s tech and life sciences companies have been inking deals all over the place this past week. First up, the big surprise…
—Cambridge, MA-based Endeca Technologies, an enterprise search and e-commerce company that was founded in 1999, agreed to be acquired by Silicon Valley database and business software giant Oracle. Terms of the deal were not disclosed.
—Kleiner Perkins Caufield & Byers and Google Ventures joined a Series A financing round for Cambridge-based Foundation Medicine. The startup, which is developing personalized cancer diagnostics, has now collected a total of $33.5 million in the round.
—Ginger.io, a spinoff of the MIT Media Lab that’s developing software to enable monitoring of patients via their mobile phones, raised $1.7 million in an initial financing round. Silicon Valley-based True Ventures led the deal, which was joined by Kapor Capital, Romulus Capital, and angel investors such as Bill Warner, Walt Winshall, James Joaquin, and Ty Curry.
—Worcester, MA-based energy management firm World Energy Solutions (NASDAQ: XWES) acquired Cromwell, CT-based Northeast Energy Solutions, an energy efficiency firm, for some $4.75 million in cash, stock, a promissory note, and potential earn-outs.
—Natick, MA-based TwinStrata, a data storage and backup company, closed a Series B round worth $8 million. Avalon Ventures led the deal.
—Open source development firm Black Duck Software of Waltham, MA, raised $12 million in a round led by new investor Split Rock Partners.
—Another Waltham firm, Care.com, raised $25 million from New Enterprise Associates, Matrix Partners, Trinity Ventures, and others. Care.com is an online portal for finding family caregivers.