Bluestreak lands $16.5 million financing
NEWPORT – Bluestreak.com announced it had obtained another $16.5 million of investment funds, bringing the total the company has raised in the last nine months to $23.5 million, the Providence Journal reported. The new financing comes from StarVest Partners, CIT Venture Capital, Lazard Technology Partners and Zero Stage Capital. Bluestreak makes technology that permits expansion of banner ads to more complicated displays, including surveys, video clips and purchases from the site.
Exerlergy becomes OASIS sponsor
LEXINGTON, Mass. – Exerlergy Corp. has become a sponsor of the Organization for the Advancement of Structured Information Standards (OASIS) to help promote the industry-wide acceptance of XML standards for open electronic data exchange among retail energy companies. Exelergy is a provider of e-infrastructure technology to the restructuring energy marketplace. OASIS (www.oasis-open.org) is the world’s largest independent consortium dedicated to XML application standards.
Seifert Systems Invests in Energy Efficiency to Strengthen Operations
For manufacturers, energy is more than just another operating expense. It plays a critical role…
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Langevin unveils Find It! Rhode Island
PROVIDENCE – Secretary of State James Langevin in conjunction with the Department of Administration, office of Library and Information Services, last week announced the opening of Rhode Island electronic government information locator service: Find-It! Rhode Island (www.find-it.state.ri.us). Langevin’s office said Find-It! Rhode Island is a search engine that enables individuals to find Web sites created by Rhode Island state and local governments for public use.
Teradyne profits more than double
BOSTON (Bloomberg) — Teradyne Inc., the world’s biggest maker of semiconductor-testing equipment, said third- quarter profit more than doubled as demand for computer chips boosted sales. Net income rose to $153.5 million, or 84 cents a share, from $62.7 million, or 35 cents, a year ago, Chief Executive George Chamillard said. Profit was in line with the average estimate of analysts polled by First Call/Thomson financial. The company’s sales rose 71 percent, to $848 million from $497 million, he said.
Axcelis third quarter net soars
BEVERLY, Mass. (Bloomberg) — Axcelis Technologies Inc., an Eaton Corp. unit that went public in July, said third-quarter earnings almost tripled on surging sales of its equipment to make semiconductors. Eaton said it plans to spin off its 82 percent stake in Axcelis to shareholders by year-end. Net income rose to $28.5 million, or 30 cents a share, from $9.65 million, or 12 cents, a year earlier. Sales jumped 68 percent to $182.5 million from $108.7 million. Sales advanced 10 percent from the second quarter’s $165.8 million. Axcelis had strong demand for all its products, Chief Executive Brian Bachman said in a news release.
ISS announces nine partnerships, including LOA
ATLANTA (PRNewswire)– Internet Security Systems (ISS) announced separate agreements with nine leading service providers, including Rhode Island based Log On America, to promote and deliver ISS’s full array of managed security services for e-business infrastructure protection. Partners, besides Log On America, are Lucent NetCare, PricewaterhouseCoopers, iGroup (division of Computacenter), Qwest Communications, HiFive!.net, NOCpulse, SevenSpace and the Sutherland Group.
Forbes ranks NetScout among top 200
WESTFORD, Mass.–(BUSINESS WIRE) — NetScout Systems, Inc., the leading provider of infrastructure performance management solutions, said it has been included in Forbes magazine’s annual list of the 200 Best Small Companies in America. NetScout was ranked 22nd overall on the list, the company’s first selection to the Forbes 200 Best Small Companies, with sales of up to $350 million. According to Forbes, companies are ranked based on profitability and growth track records. NetScout’s achievements include a five-year average return on equity of 27 percent, placing it 21st in that field and a five-year average sales growth of 58 percent, ranking it 30th in that particular category.
Revit Technology completes third-round funding
WALTHAM, Mass.–(BUSINESS WIRE) – Revit Technology Corporation (www.revit.com), creator of the first parametric building modeler for the AEC industry, announced it has completed its third round of funding with an additional $6 million, including an investment by FleetBoston Financial Corporation . This brings the total capital received by Revit Technology in the third round to $30 million. Fleet joins Atlas Venture, North Bridge Capital Venture and Dassault Systems S.A., in providing Revit Technology with the capital needed to continue its global expansion and aggressive product development cycle.
Advanced Technology Ventures continues investment in health are
WALTHAM, Mass. and PALO ALTO, Calif.–(BWHealthWire) — Advanced Technology Ventures (ATV), a leading venture capital firm focused on emerging growth companies in the Internet infrastructure, software and services, communications and health care industries, continues its strong pace of investing in the health care sector by participating in financing for eHealthDirect and Endius. Since January, ATV has invested in a nine health care companies and expects to fund one to two more companies by the end of the year. “The convergence of IT and health care is providing new and exciting investment opportunities,” said Michael Carusi, general partner, ATV. ATV’s recent participation in health care investments include: $32 million first round funding of eHealthDirect, Inc., a leading developer of Web-based transaction technologies for the $250 billion health care benefits and administration marketplace; $17 million venture financing of Endius, Inc., a leading medical technology company focused exclusively on the $1 billion market for endoscopic spine surgery; $4 million financing of Optobionics Corp., the first company to develop and implant an artificial silicon retina in patients blinded by outer retinal degenerative diseases. Currently in clinical trials; $9 million funding of Ardais Corp., a newly launched provider of high quality clinical materials and associated information products used to accelerate drug discovery research.
