Boston Tech Roundup: docTrackr, WiTricity, Dogpatch Labs
Here’s a splash of news about acquisitions, executive hires, and incubator shutdowns from around the Boston innovation scene to wind up your week:
—DocTrackr, a developer of document-management software, has been acquired for $10 million cash. The buyer is New York-based Intralinks, a publicly traded enterprise software company. Intralinks CEO Ron Hovsepian tells GigaOm that Box, an enterprise file-sharing company that has filed for an IPO, also was interested in acquiring Boston-based docTrackr. The startup was part of Techstars Boston in 2012, and had raised a $2 million seed round led by Polaris Venture Partners and Atlas Venture.
—WiTricity has a new CEO. The Watertown, MA-based wireless power company is now headed by Alex Gruzen, a former big-company executive who had most recently been co-founder of Austin, TX-based early stage investment firm Corsa Ventures. Gruzen replaces Eric Giler, who had been CEO for more than five years and remains on the company’s board. WiTricity, an MIT spinout, is commercializing technology that transmits electric energy through the air using magnetic fields. The company raised a $25 million Series E investment in October.
—Dogpatch Labs has finally closed in Cambridge. The co-working space, which offered free (and later subsidized) rent for startup companies, was a service of Polaris Venture Partners. The Dogpatch network once included branches in Dublin, New York, and Palo Alto, CA, but the latter two locations closed down last year. At that time, management of the Cambridge version was handed over to the Cambridge Innovation Center—which also meant an end to the free rent, as Polaris told us last year. Today, The Boston Globe reports that Dogpatch Cambridge quietly shut down at the end of last year. Dogpatch Dublin remains.