EMC Expands the Cloud with Purchase of Virtustream

Hopkinton-based data storage leader EMC Corp. has announced plans to acquire Virtustream, a privately held Maryland firm that specializes in migrating business software to the cloud. In announcing the deal, EMC said Virtustream would form the basis of EMC’s new managed cloud services business. EMC has been...

Stop & Shop and Hannaford – The Makings of an Arranged Marriage

The parent companies of regional grocery giants Stop & Shop and Hannaford have been looking into combining their operations under one umbrella for quite some time, but they may have a small roadblock in that plan – the Commonwealth of Massachusetts. The shareholders of Royal Ahold and the Delhaize...

Raytheon buys 80% of Websense for $1.9 billion

In an effort to improve its cyber-protection technology, Waltham-based Raytheon has reached agreement with private-equity firm Vista Equity Partners LLC  to acquire an 80 percent share of Websense Inc. for $1.9 billion. Vista acquired Websense two years ago for about $990 million. Raytheon plans to...

A Full and Exciting Year for Harvard Bioscience

Harvard Bioscience of Holliston, a global developer, manufacturer and marketer of a range of life sciences equipment, has reported record quarterly revenues of $30.4 million for Q4-2014, an approximate 9.0 percent increase of $2.5 million in comparison to the $27.9 million earned in Q4-2013. The company...

Boston Scientific Purchases American Medical Systems Unit for 1.6 Billion

Boston Scientific, a Marlborough-based life sciences company, announced on Monday that it has agreed to acquire the urology division of American Medical Systems for $1.6 billion. Boston Scientific expects to close the acquisition in the third quarter of 2015. This will be the company’s largest acquisition...

Study Foresees Continued Medical Technology Growth

The medical technology industry is growing as an increasingly significant sector of the Massachusetts economy. According to predictions from Evaluate Ltd., a market research firm, it is expected to grow at a 5 percent annual rate for the next five years. The report, entitled “EvaluateMedTech World...

Staples Acquiring Office Depot for $6.3 Billion

Options for stationery and computer accessories are set to change after Framingham-based Staples, Inc. officially merges with Office Depot next year. Staples is acquiring its major rival in a $6.3 billion deal that should be completed by the end of this year. CEO Ron Sargent aims to reinvent the brand and...

Study Foresees Continued Medical Technology Growth

In recent years, the medical technology and medical device manufacturing industries have become an increasingly significant sector of the Massachusetts economy. According to predictions from Evaluate Ltd., a market research firm, it is expected to grow at a five percent annual rate for the next five years....

EnerNOC to Spend $76 Million for World Energy Solutions

Boston energy software company EnerNOC Inc. announced on Tuesday that they plan to lay out $76 million in cash for energy auction business World Energy Solutions, Inc.  This places a value of $5.50 for each share of World Energy stock, about 1/3 higher than Tuesday’s closing price of $4.15 per share...

Boston’s Sapient Corp to be Sold in $3.7B deal

French advertising conglomerate Publicis Groupe has acquired independent Boston-based ad agency Sapient Corp. for $3.7 billion in a deal that was announced on Monday morning. Sapient’s current co-chairman and CEO Alan Herrick will be CEO of the new Publicis.Sapient group, which will add Razorfish Global and...

AbbVie-Shire Deal Dies, Causes Fallout for Massachusetts

Last month, the U.S. Treasury took action to make tax inversion deals less profitable. This is cited as a primary reason AbbVie reportedly dropped plans to acquire Shire. This decision calls into question another deal similarly based on tax inversion involving Medtronic and Covidien. In the wake of the...

Five Things to Know About Webster Bank’s Boston Expansion

Webster Bank history spans nearly eight decades, but was first introduced to the financial district five years ago. Since that time, their efforts to gain traction in commercial banking by targeting business owners have been quite successful and, although the bank hasn’t successfully expanded into the...

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