NaviSite Bought By Time Warner, BG Medicine Goes Public, Omnicom Gets Communispace, & More Boston-Area Deals News

Xconomy Boston — 

Startup financings and acquisitions news have poured into the New England area at roughly the same rate the precipitation has in the last week.

—Andover, MA-based IT services provider NaviSite was bought by Time Warner Cable for $5.50 per share in cash, for a total equity value of $230 million.  The Time Warner (NYSE: TWC) purchase represented a 33 percent premium on NaviSite’s (NASDAQ: NAVI) closing stock price last Tuesday, far above the $3.05-per-share buyout offer NaviSite received from Atlantic Investors, one of its major stockholders, in December.

—Cambridge, MA-based Vitality, a maker of Internet-connected pill bottles for reminding patients to take their medicine as prescribed, was acquired by healthcare investor Dr. Patrick Soon-Shiong. Financial terms of the deal weren’t disclosed, but Vitality will keep its name and staff, and is looking to expand in Cambridge.

—Ocular Therapeutix, a Bedford, MA-based developer of hydrogel treatments for the eye, plumped up with a $14 million Series D financing, from new investor Ascension Health Ventures, and return backers Polaris Venture Partners, SV Life Sciences, and Versant Ventures.

—Poynt, a Calgary-based local search firm, bought the local advertising assets of Boston-based mobile publisher Go2Media for $450,000. The deal includes Go2’s source code, related documentation, and all transferable publisher and advertiser agreements surrounding location-based ads.

—Shelton, CT-based spinal device developer Spine Wave brought in $17.6 million in a debt-based offering led by New Enterprise Associates. The money will go to funding operations and additional clinical trials of its injectable spinal treatment for patients with degenerative disc disease.

—BG Medicine (NASDAQ: BGMD), a Waltham-based diagnostics firm, went public with a 5-million share offering, priced at $7 apiece.

Bedford-based EnterpriseDB, a provider of database management software that can run on the cloud, added another $6.1 million to its most recent equity- and rights-based funding round, to bring … Next Page »

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