right here's a smattering of recent strikes—acquisitions, new offices, and key hires—in the Boston-area tech sector:
NEW deals
—Boston-based DraftKings and ny-based FanDuel have reached an contract to merge their online fable sports companies, in response to a document from Dan Primack that noted anonymous sources. each agencies declined to remark to Primack, who stories that an legit announcement could are available in the next week.
—GE Digital's $915 million acquisition of ServiceMax drew loads of attention this week, but it surely additionally introduced two possibly smaller offers: the purchase of clever.io and Bit Stew programs, two machine getting to know startups. phrases weren't disclosed for either acquisition. Bit Stew, primarily based in British Columbia, previously raised about $24.3 million from buyers, while Berkeley, CA-based intelligent.io had raised $3.6 million, in line with Crunchbase.
—In different acquisition information, Boston trip technology startup Lola talked about it received the know-how of resort search startup Room seventy seven, but no longer its team. terms weren't disclosed. based on Crunchbase, Mountain View, CA-primarily based Room seventy seven had raised pretty much $forty four million from buyers, including Expedia and customary Catalyst partners.
NEW DIGS
—IBM introduced it has moved the headquarters of its cybersecurity business to seventy five Binney road in Cambridge, MA, a building that also residences IBM Watson fitness. The movement is a part of a $200 million investment this yr in IBM security application, functions, and amenities.
The funding funded a space in IBM security's new headquarters to run simulated cyber attacks for practicing functions, expanded capabilities for IBM's protection operations centers observed world wide, the launch of a brand new incident response and intelligence consulting team, and the up to now announced purchase of Resilient programs. A source advised Xconomy that acquisition turned into for more than $one hundred million.
—big apple cloud computing firm DigitalOcean will open an office in Cambridge next 12 months, the Boston business Journal mentioned. The office might be led with the aid of the enterprise's chief technology officer, Julia Austin, who changed into employed in June. Austin is a former vp at VMware and Akamai.
NEW GIGS
—Two local venture capital organisations announced new hires. Rob can also, founder and CEO of synthetic intelligence startup Talla, changed into named a undertaking partner at Pillar, certainly one of Boston's more recent task cash. The function is a component time, and might will continue running Talla, he informed Xconomy in an electronic mail.
meanwhile, Brendan Hannigan joined Polaris partners as a venture partner. Hannigan prior to now become the commonplace supervisor of IBM safety. earlier than that, he turned into CEO of Q1 Labs, a Polaris-backed cybersecurity firm received with the aid of IBM in 2011.
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