A123Systems Invests in Fisker, Virtify Finds $15M, ATG Acquires InstantService, & More Boston-Area Deals News

Xconomy Boston — 

Dealmaking was steady across the tech and life sciences industries in New England this week.

—Enterprise software firm Progress Software (NASDAQ: PRGS) of Bedford, MA, acquired Santa Clara, CA-based Savvion for $49 million, net of Savvion’s cash.

—Cambridge, MA-based life sciences software firm Virtify raised $15 million in a Series A financing, according to a regulatory filing.

—AcadiaSoft, a Pembroke, MA-based maker of software for managing derivative investments, raised $4 million in equity financing, reportedly from HSBC Holdings, ICAP, JP Morgan Chase & Co., and others.

—Video-on-demand firm SeaChange International (NASDAQ: SEAC) of Acton, MA, acquired VividLogic of Fremont, CA, for $12 million in cash plus $8.6 million in working capital.

—Arlington, MA-based Optics for Hire acquired Bedford, MA-based Actuality Systems, a maker of visualization systems for medicine, oil and gas exploration, and more.

—BIND Biosciences, a nanoparticle-based drug developer in Cambridge, raised $11 million in a Series C round of financing, bringing its total venture funds raised to $29.5 million.

Molecular Biometrics collected $12.5 million in a Series B round of venture capital led by new investor Atlas Venture and joined by Oxford Bioscience Partners and Safeguard Scientifics (NYSE:SFE). The Norwood, MA-based startup will use the cash to help commercialize its system for identifying the most viable embryos for in vitro fertilization.

—CardiAQ Valve Technologies of Winchester, MA, whose technology could provide a less-invasive alternative to open-heart surgery for mitral valve implantation, raised $6.5 million in a Series A round of funding led by Rob Michiels and joined by returning angel investors and Broadview Ventures, also a previous investor.

—Cambridge-based e-commerce firm Art Technology Group (NASDAQ: ARTG) acquired Seattle-based InstantService for $17 million in cash.

—Newton, MA-based Life Image, a maker of software for sharing radiology images via the Internet, raised $2.2 million in financing, according to an SEC filing; Life Image CEO Hamid Tabatabaie previously told us that investors in this round would include new backer Long River Ventures and previous backers Massachusetts Technology Development Corporation and Partners Innovation Fund.

—Boston-based online business directory firm CitySquares Online acquired Yokel.com, also of Boston, for an undisclosed sum.

—Battery maker A123Systems of Watertown, MA, pledged an investment of up to $23 million in Irvine, CA startup Fisker Automotive; A123 will also supply the batteries for the Fisker’s luxury hybrid car, due to launch in late 2010.

—Gryphon Networks, a telecomm and marketing services company in Norwood, MA, raised $7 million in a Series C financing, according to regulatory filings.