Xconomy: Boston Tech Watch: SmartBear, Wellist, LogoMix, Biobot, NEVYs & More
It's time to catch up on recent news from the Boston-area tech sector, including a pair of acquisitions; investments in digital health, artificial intelligence, and wastewater analytics; and scenes from this year's "Star Wars"-themed NEVY Awards. LogoMix CEO and founder Craig Bloem previously co-founded Performable, a Boston-area marketing automation startup sold to HubSpot (NYSE: HUBS) in 2011. Financial terms weren't disclosed, but a spokesperson said Hiptest's 15 employees will be joining SmartBear. Private equity firm Francisco Partners acquired a majority stake in SmartBear last year; a source told Xconomy the deal had an enterprise value of $410 million. SmartBear is currently profitable and generating more than $100 million in annual revenue, the spokesperson said.
May-21-2018, 08:56:18 GMT
- Country:
- North America > United States
- Illinois > Cook County
- Chicago (0.05)
- Massachusetts > Middlesex County
- Cambridge (0.05)
- Somerville (0.05)
- Minnesota > Ramsey County
- Shoreview (0.05)
- Illinois > Cook County
- North America > United States
- Genre:
- Financial News (0.72)
- Industry:
- Banking & Finance
- Capital Markets (0.57)
- Trading (0.52)
- Banking & Finance
- Technology: