Gradiant, a Boston-based cleantech water treatment solutions provider, has acquired WaterPark Environment Corp, a Taiwanese design and construction company, for an undisclosed price. WaterPark Environment is focused on water technologies for advanced manufacturing of semiconductor, microelectronics, and others in the high tech industries. Its proprietary technologies are built for addressing the variety of water challenges […]
Abacus Insights, a Boston-based provider of data management and interoperability solutions for healthcare payors, has secured $28 million in a Series C funding round. The latest financing round was led by new investor — MultiPlan Corporation, a provider of data analytics, payment and revenue integrity solutions, and cost management to the American healthcare industry. Existing […]
Amazon has officially opened its new tech office in Boston, Massachusetts where over 2,000 employees will work on inventing and innovating on behalf of the company’s customers. The Boston Tech Hub of Amazon features new office space, innovation labs, as well as mixed-use common areas. Rohit Prasad — Amazon Alexa senior vice president and head […]
GlaxoSmithKline (GSK) has agreed to acquire Affinivax, a Boston-based clinical-stage vaccine developer, in a deal worth up to $3.3 billion. The consideration includes an upfront payment of $2.1 billion and payments of up to $1.2 billion based on potential development milestones. Affinivax is engaged in developing vaccines by using its Multiple Antigen Presenting System (MAPS) […]
Eli Lilly and Company (Lilly) has revealed plans to open a new research facility for genetic medicine dubbed as Lilly Institute for Genetic Medicine in Boston with an investment of around $700 million. According to the US pharma giant, the investment in the Boston Seaport site is part of its strategy to advance RNA based […]
SES AI Corporation, a Boston-based battery technology company, has formed a subsidiary called SES Korea with intentions to construct a pre-production facility in South Korea. Established in 2012, SES AI is engaged in developing and manufacturing lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications. After SES Shanghai Giga in China, SES Korea […]
One80 Intermediaries, a Boston-based specialty insurance broker, has acquired PMC Insurance Group, a wholesale broker for workers’ compensation and program manager. The financial terms of the deal were not disclosed. PMC Insurance Group was established in 1996 to help independent insurance agents grow their capabilities in marketing by offering workers’ compensation specialty products and programs […]
Bullhorn, a Boston-based cloud computing company that offers software for the staffing industry, has acquired cube19 for an undisclosed price. cube19 is a business intelligence platform that has also been a partner of Bullhorn Marketplace. The company also provides the Bullhorn platform with analytics and reporting solutions. Dan McGuire — founder and CEO of cube19 […]
Accenture has acquired ClearEdge Partners, a Boston-based company that specializes in procurement spend management, for an undisclosed price. ClearEdge Partners is said to enable its clients to better manage their expenditure on digital transformation. The company brings with it proprietary methodologies, solutions, and deep know-how in information technology (IT) spend management as well as software […]
German sportswear manufacturer Adidas has agreed to sell American footwear and clothing brand Reebok to brand management company Authentic Brands Group (ABG) in a deal worth up to €2.1 billion. Currently, Reebok operates in 80 countries, with nearly 70% of its business coming from outside of the US and Canada. The footwear and clothing brand […]
