Boston Tech Roundup: Savant, Black Duck, LogMeIn, Mobiquity, Bridj
Here’s a smattering of fundraising deals from recent days around the greater Boston area, and an acquisition thrown in for good measure:
—Savant Systems, an established home-automation company based in Hyannis, MA, has raised $90 million from private equity firm KKR and Savant’s founder, Robert Madonna. The company, founded in 2005, makes smart-home systems for the luxury market. More detail from Gigaom, which calls Savant “the Apple of home automation.”
—Black Duck Software, a Burlington, MA-based open source software development company, has raised another $20 million and hired a new chief financial officer. The money comes from existing investors, including General Catalyst Partners. Stephen Gregorio is the new CFO for Black Duck, which was founded in 2002.
—LogMeIn, the Boston-based business software company, has acquired San Francisco-based password and identity software startup Meldium. The deal is worth up to $15 million in cash, with some of that penciled out as performance and retention bonuses. LogMeIn (NASDAQ: LOGM) said Meldium has about 250 customers, but shouldn’t generate enough revenue to affect the larger company’s financial results this year.
—Mobiquity, a Boston-based mobile app developer, has added $5 million to its Series B investment round. The company now has raised a total of $24 million. The new investment was led by NewSpring Growth.
—Bridj, a Cambridge, MA-based startup developing data-driven private bus lines for urban commuters, announced it has raised a seed round totaling $4 million from Atlas Venture, NextView Ventures, and other private investors. The startup also says it has hired Gabe Klein as operations chief. Klein has previously served as a vice president at Zipcar and a transportation official for local governments in Chicago and Washington, D.C.