Extreme Reach Inc. Launches in Needham Needham, Mass. – Extreme Reach, a Needham-based provider of software for managing video advertising, announced its official launch on Tuesday and disclosed that it has raised its first round of venture capital, which came from Village Ventures and Long River Ventures. The investment reportedly totaled $1.5 million. Extreme Reach provides a video advertising management platform that connects advertisers and agencies with thousands of media destinations and allows them to manage, deliver and track their campaigns across TV, web, and mobile networks. The company was founded by a group of former FastChannel executives.
InterNoded, a privately held, Waltham-based provider of mobile device management software, has been acquired by Tangoe, an Orange, Conn.-based provider for managing mobile and converged communications assets. Terms of the deal were not disclosed. All current Tangoe and InterNoded locations will remain in full operation in support of the combined company’s nearly 400 customers, according to an announcement.
SimpleTuition Inc., a Newton, Mass.-based online student loan comparison site, has raised $6 million in Series C funding, according to a regulatory filing. Backers include Atlas Ventures, Flybridge Venture Capital and North Hill Ventures.
StreamBase Systems, a Lexington, Mass.-based provider of complex event processing software, has raised around $6.24 million in Series D funding, according to a regulatory filing. Backers include Accel Partners, Bessemer Venture Partners, Highland Capital Partners and In-Q-Tel. StreamBase had previously raised around $41 million.
FirstDocs has secured a new round of venture capital funding, according to a report in PE Hub. FirstDocs provides legal document automation and acceleration services for legal departments and law firms. The Foundry Group led the investment round. The company did not disclose how it would use the funding proceeds.
GlobalPost, a Boston-based online media company focused on foreign news, launched on Monday, with $8.2 million in backing. The company hopes to fill the dearth of international news coverage in recent years, amid a wave of cutbacks in foreign bureaus by newspapers and media companies. TechCrunch reported that investors in the company include Amos Hofstetter, Akamai CEO Paul Sagan, and Boston Globe publisher Benjamin Taylor. GlobalPost will provide daily international news from around the world, relying on 70 correspondents in 53 countries. The company was founded by media entrepreneur Philip Balboni and foreign correspondent Charles Sennott. “We are building an international news organization for the digital age, yet with strong roots in traditional, accurate, thoughtful foreign reporting,” said Balboni.
Play Hard Sports, a Foxboro-based provider of online sports game, has raised $8 million in its second round of venture capital, which was led by New Enterprise Associates, according to a report by PE Week Wire, which cited a regulatory filing. Play Hard is developing online sports games with no large downloads and no required fees to play. The company raised $5 million in its first round of venture capital last April.