Boston Tech Roundup: IBM, Flywire, Workable, Alignable, & More
This week, we’re tracking funding rounds and acquisitions in Boston edtech, payments software, IT infrastructure services, social networks, and more. Here are the details:
—Hiring software startup Workable raised a $27 million Series B round led by Balderton Capital, with participation by Notion Capital and 83North. All three investors are based in Europe. Workable has now raised $34 million in venture capital. The company was founded in Athens, Greece, in 2012 and moved its headquarters to Boston last year, according to BetaBoston.
—Intronis was acquired by Campbell, CA-based Barracuda Networks (NYSE: CUDA) for $65 million in cash. Intronis, based in Chelmsford, MA, handles cloud backup and data recovery for IT service providers that serve small- and medium-sized businesses. One of its key investors was OpenView Venture Partners.
—Boston edtech company and publisher Cengage Learning bought Learning Objects, based in Washington, DC, for an undisclosed price. Learning Objects makes an online educational platform and apps primarily targeting higher education.
—Boston-based Flywire, which recently changed its name from PeerTransfer, expanded its U.K. presence by acquiring the six-person company Uni-Pay, which processes tuition for students at 60 schools located in that country. Flywire says it now has more than 120 U.K.-based clients.
The company—which provides online payment processing services for international tuition, room, and board payments—raised $22 million and opened a China office earlier this year. It says it will process $2 billion worth of payments in the current academic year.
—IBM (NYSE: IBM) acquired Boston-based Meteorix for an undisclosed price. Meteorix sells cloud-based finance and human resources software to enterprise customers. IBM has a long history of acquiring Massachusetts software companies (more than 20 since 2003—most recently, Trusteer and Cloudant).
—Alignable, based in Waltham, MA, says it raised $8 million to accelerate the growth of its online community that aims to be a social network and marketing engine for small businesses. The funding round was led by Mayfield, with participation by previous investors Saturn Partners, NextView Ventures, and Lead Edge Capital. Alignable says it has raised $12 million total from investors to date.