EMC, Care.com, Nexage, & More from the Boston Deals Roundup
Mobile advertising, health IT initiatives, and emotional analytics technology were among the winners in this last week’s deals in New England.
—EMC (NYSE: EMC), the Hopkinton, MA-based data storage giant, inked a partnership with the personal computer maker Lenovo (HKSE: LNVGY) to develop and sell servers and storage systems. Lenovo chairman and CEO Yuanqing Yang said the deal—which also includes a joint venture for developing network attached storage technology for small and medium-size businesses—will be worth billions over the coming years.
—Boston-based LevelUp announced last week that it raised $9 million in funding from T-Ventures, the venture arm of Deutsche Telekom, and other individual investors, bringing its total round size to just over $21 million. The startup will use the money to fuel product development and expansion of its mobile payment network.
—Massachusetts announced that it was awarded $16.9 million in federal funding to implement a “health information exchange” to help healthcare providers share clinical data over a secure network.
—Waltham, MA-based mobile advertising exchange Nexage said that it pulled in another $5 million from Hearst Interactive Media to bring its Series B round to a total of $15 million. Previous investors in the round were SingTel Innov8, Relay Ventures, and GrandBanks Capital.
—Waltham-based Care.com raised $50 million in Series E funding led by new investor Institutional Venture Partners. The cash—which also comes from return investors Matrix Partners, New Enterprise Associates, and Trinity Ventures—will be used to expand the online platform for reviewing and finding care providers to new verticals and new global markets.
—And in more Waltham-based company news, Affectiva, an MIT spinout that develops technology for measuring emotions through webcams and wearable sensors, socked away $12 million in Series C funding. The money comes from Horizons Ventures, Kleiner Perkins Caufield & Byers (Digital Growth Fund), and return investors such as WPP and Myrian Capital.
—Needham, MA-based PTC (NASDAQ: PMTC), a maker of CAD and product life cycle management software, announced this morning that it has agreed to acquire Atlanta-based Servigistics for $220 million in cash, in a deal expected to close this September. Servigistics’ life cycle management software specializes in areas such as service parts planning, management and pricing, and returns and repair management.