Boston Roundup: HubSpot, Veveo, Clarity, CounterTack, Smarterer
Some news tidbits to catch up on from the last week around New England technology:
—Online marketing software maker HubSpot is inching closer to an IPO. The Wall Street Journal reports that the Cambridge, MA-based company is working with Morgan Stanley on the deal, but the timing remains unclear. HubSpot has been vocal about its desire to go public, and recently said it recorded $77.6 million in sales last year.
—Veveo, an Andover, MA-based mobile search software company, is being acquired. Rovi, a publicly traded content search company, is paying about $62 million in up-front cash for Veveo, which has most recently developed a voice-based video search product. Veveo had raised some $28 million since its founding in 2004 and was backed by North Bridge Venture Partners, Matrix Partners, and Norwest Venture Partners.
—Clarity Software, a Madison, CT-based seller of software for the health insurance industry, has raised $41 million in growth capital. The company says North Bridge Growth Equity was the investor. Although it didn’t disclose the amount in a press release, Clarity also filed an SEC form that showed the size of the investment.
—CounterTack has added $3 million to its recent Series B investment round. The Waltham, MA-based company sells security software that observes attackers as they try to to penetrate IT systems, learning from their tactics as it shuts them out. The larger chunk of this Series B, $12 million, was announced in October.
—Smarterer, which makes online quizzes meant to measure job skills, has raised $1.6 million to help grow a business-focused product called Flock. The company also is swapping CEOs: co-founder Dave Balter is now in the top job, replacing co-founder Jennifer Fremont-Smith, who is now heading the shared living-space startup Krash. Smarterer raised a $1.75 million Series A investment in 2012 from previous investors, including True Ventures and Google Ventures.