StageAcquired | Acquired
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Latest Akorri Networks News
Jan 19, 2011
XconomyBoston — We saw acquisitions, partnerships, and financings from tech and life sciences firms in New England this week. —Bloomberg News reported that Thermo Fisher Scientific (NYSE: TMO ), a Waltham, MA-based provider of lab instruments and services, planned to sell two lab test units for a total of up to $1 billion . Those businesses include Athena Diagnostics of Worcester, MA, and Lancaster Labs of Lancaster, PA. —Bedford, MA-based Ocular Therapeutix bumped its Series C funding round up to $21 million , with a new $6 million investment. Polaris Venture Partners led the previous close of this financing for Ocular, which was previously called I-Therapeutix and is developing hydrogel technology for protecting the eye after ophthalmic surgeries and for delivering drugs to the eye. — Akorri Networks of Littleton, MA, was bought by Sunnyvale, CA-based NetApp (NASDAQ: NTAP ) in an all-cash deal. NetApp didn’t reveal how much it paid for Akorri, a provider of analytical software for data management. —Lebanon, NH-based Mascoma, a developer of technology for producing cellulosic ethanol, inked a deal with Valero Energy that could be worth up to $50 million . The oil firm entered a non-binding agreement to fund construction of a Mascoma refinery in Michigan that would use wood-based materials to make ethanol. —IT firm Mercury Computer Systems of Chelmsford, MA, announced it had purchased Salem, NH-based LNX , a provider of receiver systems for intelligence technology, for $31 million in cash. LNX could get an additional $5 million from Mercury (NASDAQ: MRCY ) for hitting certain financial targets in 2011 and 2012, according to the announcement. —Needham, MA-based e-mail archiving firm Sonian nabbed a $9 million Series B investment from new strategic partners Amazon.com and Webroot Software and existing investors Summerhill Venture Partners and Prism VentureWorks. Sonian uses Amazon’s Internet cloud technology to store corporate e-mail communication. —GlassHouse Technologies, a Framingham, MA-based IT firm that registered for an initial public offering last year worth up to $75 million, wrapped up a $5 million investment from Citrix Systems in a Series F preferred stock offering. GlassHouse also gave Citrix (NASDAQ: CTXS ), an IT virtualization technology developer, an observer seat on its board of directors and agreed to notify the company of any offers to buy GlassHouse.
Akorri Networks Frequently Asked Questions (FAQ)
When was Akorri Networks founded?
Akorri Networks was founded in 2005.
Where is Akorri Networks's headquarters?
Akorri Networks's headquarters is located at 305 Foster Street, Littleton.
What is Akorri Networks's latest funding round?
Akorri Networks's latest funding round is Acquired.
How much did Akorri Networks raise?
Akorri Networks raised a total of $58.73M.
Who are the investors of Akorri Networks?
Investors of Akorri Networks include NetApp, North Bridge Venture Partners, Matrix Partners, BlueStream Ventures, Globespan Capital Partners and 3 more.
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