Accelerator Accepts $4.5M, EMC Merges Mozy and Pi, EnerG2 Tells All, & More Seattle-Area Deals News
It was another slow week in the Northwest for deals. Still, there was a trickle of activity in energy, biotech, and software.
—Seattle-based EnerG2 and its lead investor, Kirkland, WA-based OVP Venture Partners, told Xconomy the full story of the energy-storage startup’s $8.5 million Series A financing. Turns out EnerG2 needed to refocus on a particular slice of the market and prove it could scale up its operations before the deal could happen.
—Bellevue, WA-based Talisma, a maker of customer relationship management software, was acquired by Campus Management, an e-learning company based in Boca Raton, FL. The financial terms of the deal were not disclosed.
—Luke reported that Seattle-based Accelerator, the biotech startup incubator, collected some $4.5 million in investment from PPD, the global contract research organization that runs clinical trials and animal tests for pharma companies. The new investment gives Accelerator a total of $27 million in its third fund.
–Seattle mobile-software startup Ontela landed a partnership with Denver, CO-based Photobucket to provide automatic photo uploading to the Web via Verizon Wireless phones. So far, Verizon is the largest wireless carrier to sell Ontela’s photo-sending technology as a monthly service.
—Not technically a deal, but a merger of sorts. EMC (NYSE: EMC), the Hopkinton, MA-based data-storage company, formed a new company, Decho, out of two of its formerly separate businesses, Seattle-based Pi and Utah-based Mozy. Decho will combine the “personal information” management software of Pi with the online-backup service of Mozy.
—Lastly, a rundown on where a lot of local deals are made—unofficially, of course. We presented Xconomy’s Greater Seattle Coffee Cluster, a list of 38 (and counting) area cafes, together with the innovators and investors who frequent them, all in the form of an interactive map and list.