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HAVERHILL,
Dec. 10, GlobalWare Solutions, a provider of Software
Contract Manufacturing, Content Management and eMarket Solutions,
announced that it has raised an initial round of $30,000,000
in equity capital through a private placement of common
and preferred stock with Mezzanine Management LLC, one of
Europe's largest private equity investment firms. The company
plans to use the funds to strengthen its internal operations
and to support its global expansion plans through strategic
acquisitions.
LOWELL,
Dec. 11, Storigen Systems announced that it has raised
$15 million in Series B funding, bringing the total venture
financing raised to date to more than $24 million. This
round of funding comes as Storigen prepares to launch its
distributed storage system. Storigen's second round of funding
was led by outside investor Pilot House Ventures and includes
participation from the company's initial investors, Battery
Ventures, Charles River Ventures and OneLiberty Ventures.
Storigen will use these funds to extend its sales and product
development as the company gears up for its national launch.
WALTHAM,
Dec. 11, InfoLibria, Inc., a provider of Internet
infrastructure for rich media application delivery and content
distribution, announced an investment with Microsoft. Under
the terms of the agreement, Microsoft will invest in InfoLibria
and the two companies will collaborate on new technology
development and Windows .NET platform integration. This
investment expands Infolibria's multimillion dollar Series
E round led by Mellon Ventures. The financing includes current
InfoLibria investors such as Adams Capital, Kemper Ventures,
Patricof and Company, Sandler Capital Partners, Madison
Dearborn, GE Capital, Telesoft Partners IA, and Tudor Private
Equity Fund, along with new investments from StarVest Partners,
Mitsubishi, and private investors.
MARLBOROUGH,
Dec. 13, Internet Photonics Inc. announced it has
been established to develop next-generation solutions that
will enable the cost-effective rollout of carrier-grade
Optical Ethernet networks. The company announced that it
raised $31 million in financing. Sprout Group, the venture
capital affiliate of Credit Suisse First Boston Corporation,
led the company's first round of financing. AT&T is
also an equity holder in the company. Internet Photonics
has over 100 employees and has been operating in "stealth
mode" since its inception the fourth quarter of 2000.
MAYNARD,
Dec. 17, Surf Communications Solutions raised capital
totaling $21 million, of which $2 million was contributed
by an affiliate, BOS (Better Online Solutions). Surf is
an Israeli based company with U.S. headquarters in Maynard.
Aside from BOS, the other main participants in Surf's fund
raising endeavor included: Giza Venture Capital, Pitango
Venture Capital, Motorola Ventures, Catalyst Investments,
and Sadot Research and Development Funds. Intel is also
an investor in Surf. As a result of Surf's fundraising,
BOS' share in Surf was diluted to 13.7%. Established in
1996, Surf Communication Solutions develops and supplies
software-based access solutions that are integrated into
manufacturers' original equipment in the telecommunications,
data communications, telephony and consumer electronics
industries.
NEWTON,
Dec. 19, Aircuity, Inc., a provider of intelligent
indoor air quality (IAQ) monitoring for commercial buildings
announced that it has finished the closing of $4.5 million
in Series A financing from IDP Investments, Inc. and the
Venture Capital Fund of New England (VCFNE), as well as
from several strategic angel investors. Harry Healer, of
The Venture Capital Fund of New England, and Robert Reilly,
of IDP Investments, Inc., will become members of the Aircuity
Board of Directors.
WOBURN,
Dec. 20, TopicalNet, Inc., a leader in developing
automated content classification technology and business
analytics solutions, has agreed to purchase substantially
all of the assets of TeraLytics of Sunnyvale, California.
In conjunction with the acquisition, TopicalNet has also
secured $4 million in additional funding from existing investors
APV Technology Partners and Solstice Capital, new investor
Crystal Internet Ventures and other sources.
CAMBRIDGE,
Dec. 26, Altus has raised an additional $15 million
in the second closing of its Series B private financing.
In the first closing, Nomura International plc and U.S.
Venture Partners served as lead investors. Follow-on investors
included CMEA Ventures and China Development Industrial
Bank (CDIB), with additional participation from Hotung International
Company Limited and the Palladian Group. Together with the
initial private placement, this series marks the year's
largest private investment in a New England-based biopharmaceutical
company. Altus has developed a proprietary protein crystallization
technology, known as Crystalomics, to enable the rapid commercialization
of high-value protein-based products. 
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