128 Technology raises $21.5M Series C for ‘smart’ router tech
In a pretty dry May for Boston tech, VCs made it rain on 128 Technology on the last day of the month. The Burlington-based company announced that it had raised a $21.5 million Series C today, bringing its total capital raised to $57 million. The funding will be used to grow 128 Technology’s global presence and accelerate the expansion of the 128T Networking Platform, a router that organizations use to intelligently manage internet traffic. [Built In Boston]
North Carolina software firm acquires Boston’s HubLogix
North Carolina-based e-commerce software developer ChannelAdvisor Corp. announced that it acquired longtime partner HubLogix this week. Based in Boston, HubLogix is a leading fulfillment and logistics platform that automates order management by connecting online storefronts and marketplaces to distribution and fulfillment centers. [Boston Business Journal]
CounterTack announces $20M Series D
CounterTack, a Waltham-based cybersecurity company, announced that it raised $20 million in growth funding. The Series D round was led by new CounterTack investor Singtel Innov8 (the venture capital arm of The Singtel Group), along with SAP National Security Services. CounterTack provides an Endpoint Threat Platform (ETP) for the enterprise. [VB Profiles]
Mustbin sells tech to Silicon Valley startup
Mustbin, a Boston startup that makes security-focused mobile apps, announced that it sold its technology assets to Silicon Valley startup LifeSite for an undisclosed amount. Founded by local entrepreneur Brian Shin, Mustbin’s tech allows smartphone users to encrypt and securely store their data in the cloud. [Boston Business Journal]
Acquia announces leadership changes
Acquia, Boston-based provider of content management software, saw some major leadership changes. CEO Tom Erickson will step down while co-founder and CTO Dries Buytaert said he’ll be taking on more leadership responsibilities. Erickson will remain as CEO until they find a replacement who will work closely with Buytaert. [BostInno]
