Accelerator Accepts $4.5M, EMC Merges Mozy and Pi, EnerG2 Tells All, & More Seattle-Area Deals News

11/18/08Follow @gthuang

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.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

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