Boston Tech Watch: Acquia, ShoeBuy, Lola, MassChallenge & More
We’ve got lots of Boston-area tech news to catch up on this week. Here are some of the latest developments:
—Scansorial has raised $2.2 million from investors, according to an SEC filing. The Lexington, MA-based company makes Root, a robot intended to help teach software coding in an interactive way. The startup’s technology was developed at Harvard’s Wyss Institute.
—Acquia is shaking up its leadership and implementing an unusual management structure. The company has created the “Office of the CEO,” through which CEO Tom Erickson and co-founder Dries Buytaert will jointly run Acquia. Buytaert will focus on product, staffing, and acquisitions, while Erickson will focus on sales and marketing, customers, and administrative functions. Erickson has also been named chairman.
Meanwhile, Acquia is searching for a new CEO, and Erickson will step down from that role when a new “operating partner” is found to run the company with Buytaert.
—TrueMotion appointed Ted Gramer, a former executive with Liberty Mutual and Solera, its CEO. TrueMotion was led by co-founder and interim CEO Scott Griffith, the former CEO of Zipcar. TrueMotion, formerly known as Censio, developed mobile software to track distracted driving and enable insurers like Progressive to measure risk and reward good drivers.
—Startup Institute announced several leadership appointments, including the recent promotion of Rich DiTieri to the CEO role. He was previously the head of the organization’s Boston program. DiTieri takes over for Diane Hessan, who left in June 2016 to work on Hillary Clinton’s presidential campaign. BostInno has more details on what’s next for Startup Institute.
—Shoes.com, previously known as ShoeBuy, is moving to a new office in the Boston area and hiring 90 people, the Boston Business Journal reported. The news comes five months after the company was acquired by Jet.com, the e-commerce subsidiary of Walmart.
—RaceMenu, a Boston-based company that makes software for endurance events, acquired local mobile app development firm TapWalk for an undisclosed price. The deal follows the recent sale of RaceMenu’s race timing division.
—Lola, the travel technology startup led by Kayak co-founder Paul English, is shifting its focus from consumers toward business travelers.