Boston Tech Roundup: IBM, Flywire, potential, Alignable, & extra
Jeff Engel October 1, 2015
This week, we’re monitoring funding rounds and acquisitions in Boston edtech, payments software, IT infrastructure services, social networks, and more. listed here are the main points:
—Hiring tool startup potential raised a $ 27 million series B spherical led through Balderton Capital, with participation via belief Capital and 83North. All three traders are primarily based in Europe. potential has now raised $ 34 million in venture capital. the corporate was once based in Athens, Greece, in 2012 and moved its headquarters to Boston closing yr, consistent with BetaBoston.
—Intronis was once acquired by way of Campbell, CA-based totally Barracuda Networks (NYSE: CUDA) for $ 65 million in money. Intronis, based in Chelmsford, MA, handles cloud backup and data restoration for IT carrier suppliers that serve small- and medium-sized businesses. one in every of its key investors used to be OpenView project partners.
—Boston edtech firm and publisher Cengage learning bought studying Objects, based totally in Washington, DC, for an undisclosed value. learning Objects makes an online educational platform and apps essentially concentrated on greater training.
—Boston-based totally Flywire, which not too long ago changed its identify from PeerTransfer, elevated its U.ok. presence by way of acquiring the six-individual firm Uni-Pay, which processes training for students at 60 schools positioned in that u . s .. Flywire says it now has more than a hundred and twenty U.ok.-based totally clients.
the corporate—which provides online payment processing services and products for international tuition, room, and board payments—raised $ 22 million and opened a China administrative center previous this 12 months. It says it’s going to process $ 2 billion value of funds within the present academic yr.
—IBM (NYSE: IBM) obtained Boston-based totally Meteorix for an undisclosed price. Meteorix sells cloud-based totally finance and human tools tool to undertaking shoppers. IBM has a protracted historical past of buying Massachusetts tool companies (more than 20 due to the fact 2003—most just lately, Trusteer and Cloudant).
—Alignable, primarily based in Waltham, MA, says it raised $ eight million to accelerate the growth of its on-line community that targets to be a social network and advertising engine for small companies. The funding spherical used to be led by means of Mayfield, with participation through earlier traders Saturn partners, NextView Ventures, and Lead area Capital. Alignable says it has raised $ 12 million complete from investors up to now.
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