- Authoria, a SaaS survivor of the dot-com blow-out, is
being acquired by a private equity firm for $63.1 million. Waltham-based Authoria sells "talent management solutions"; the buyer is Bedford Funding, which will agree to put in another $8 million in working capital.
Not sure, but this company seems to have undergone a recapitalization at some point...[
Update: they recapped in 2004 ] they
raised $75 million in one round back in 2000, but none of those investors are still on the board. The most recent round was
$22.5 million last fall. Amazingly, Tod Loofbourrow has stuck it out as the company's CEO for more than a decade.
- General Catalyst portfolio company Visible Measures announced a
big deal today to provide video measurement services to all of
MTV Networks' properties.- SpaceClaim founder
Mike Payne mentioned to me earlier this month that Chris Randles, formerly CEO at MathSoft, was taking over the CEO reins at the Concord-based maker of computer modeling software. Randles had been serving as an
entrepreneur-in-residence at Borealis Ventures, one of the VC firms that has backed SpaceClaim. The official announcement, apparently, happens later this week. Payne had served as CEO until this spring.
3D CAD news
reported back in January that there had been some lay-offs at the start-up... and that the COO had departed.
Labels: acquisitions, Authoria, Bedford Funding, Borealis Ventures, Chris Randles, MathSoft, Mike Payne, MTV, SpaceClaim, Tod Loofbourrow, Visible Measures