Venturefizz

Archive for March 2006

CMGI, a Waltham-based provider of supply chain management technology, announced that its venture capital arm, @Ventures, has received $6 million in cash from the sale of Realm Business Solutions, a portfolio company in which @Ventures held a minority interest. Realm licenses software to the commercial real estate industry that supports asset valuation, budgeting and forecasting, property management, and lease management. Insight Venture Partners and Lightyear Capital acquired the company.

http://www.cmgi.com/news/prdata/realmacquired.shtml

Permabit, the leader of Archive Intelligenceā„¢, delivers cost-effective solutions for electronic archiving and record retention for fixed content and compliance data. The company announced today the closing of a Series C round of funding, totaling at $12 million. The investment round was led by Baker Capital. The funding will be used to further expand and develop strategic business units within Permabit.

http://www.permabit.com/news-events/press-releases/2005-0907.asp

Allurent, a based developer of Internet commerce applications, has raised its first round of venture capital, led by Polaris Venture Partners. Details of the funding were not disclosed. Allurent is developing a line of Internet applications focused on online shopping, from finding and browsing products to pageless order management and checkout.

http://www.allurent.com

WorldCell, a Maryland-based provider of managed services for wireless communications, has acquired Mobile-Mind, a Watertown-based developer of smart card technologies, for an undisclosed sum. Blake Swensrud, CEO of WorldCell, said that the deal will allow his company to “continue to push the envelope” for advanced wireless services. WorldCell, which offers technologies ranging from international cell phones to roaming platforms, said that it will begin demonstrating some of those new mobile applications prior to mid-year.

http://www.worldcell.com/

Vayusa, a Watertown-based provider of software that lets consumers make purchases through mobile phones, has raised about $10 million in its first round of venture capital, Private Equity Week reported. The company’s investors include Ignition Partners, Seapoint Ventures and Oak Investment Partners. MobileLime, a service of Vayusa, was launched in 2001. It allows consumers to make purchases through mobile phones at participating merchants. The has partnered with point-of-sale technology companies such as IBM, POSitouch, StoreNext, and Verifone, and offers payment options with payment processors such as Chase Merchant Services, Paymentech, and Authorize.net.

http://www.mobilelime.com

Groove Mobile, an Andover-based provider of mobile music downloading services, has raised $8.5 million in its second round of venture capital, led by Egan-Managed Capital, Private Equity Week reported on Monday, citing a regulatory filing. Other investors in the deal include Charles River Ventures, Kodiak Venture Partners and SVM Star Ventures Management.. Groove Mobile’s service includes mobile downloads, peer-to-peer sharing, personalized music recommendations, and streaming radio. The company offers access to music from EMI, Warner Music International, V2, Beggars Group, Digital Rights Agency and The Orchard libraries.

http://www.groovemobile.net/

Online gaming company WorldWinner Inc. has been bought by FUN Technologies Inc. of Toronto. FUN Technology, through its wholly owned subsidiary, SkillJam Technologies Corp., paid $23 million for WorldWinner. WorldWinner hosts more than 10 million games and awards millions of dollars in prizes every month, according to company officials, with an average of 350,000 games played on WorldWinner daily. For the 12 months ended December 31, 2005, WorldWinner reports revenue of $10.67 million, a loss before interest, taxes and extraordinary items of $0.68 million and net assets of $3.91 million.

http://www.worldwinner.com

VeriSign Inc. has agreed to acquire Watertown-based mobile channel developer m-Qube Inc. for $250 million in cash. M-Qube, which employs approximately 200, most of which are located in the area, was founded in 2001 and has raised $42 million in venture funding from a cadre of investors including local firms Bain Capital Ventures, General Catalyst Partners, Globespan Capital Partners, Sigma Partners and HarbourVest Partners LLC.

http://www.m-qube.com/html/news/2006/060320.html

WaveMark, a provider of radio frequency identification (RFID) products, has raised $4.5 million in its first round of venture capital, Private Equity Week reported, citing a regulatory filing. WaveMark serves as a third party for capturing, storing and providing data on high-cost medical supplies for both manufacturers and hospitals. The company plans to raise a total of $8 million in its first round.

http://www.wavemark.net/

SAS reports it has bought Maynard’s marketing resource management provider Veridiem Inc.
Financial details of the deal were not disclosed. The acquisition by SAS raises the company’s Boston-area presence to about 160 employees, company officials said. The deal is SAS’ seventh acquisition by SAS since 2000. In 2003, SAS acquired Marketmax, the provider of advanced retail planning and merchandise intelligence software. Veridiem’s employees will join existing employees at SAS’ office in Middleton, company executives said. Veridiem’s software is designed to promote accountability in marketing organizations, and deliver continuous intelligence about the effect of marketing activities across various channels.


http://www.sas.com/solutions/crm/mrm/landing.html



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  • Richard Jennings: I predict the next three websites which will be aquired are:http://www.linkedin.com (a professional networking site)http://www.techcrun
  • Gary: At last Web 2.0 Generates a Winner in B2B Social Media!The sale of Boston-based Generate Inc. to Dow Jones on Friday is the first piece of g
  • mikeyost: SupplyScape is charging astronomical setup fees for a software that only passes pedigree? Maybe thats great for a manufacturer or multi million dollar