Welcome back to our monthly BostInno departed, our way of tracking Boston-area startups that have been acquired or no longer exist. As for June, we have several acquisitions to report - not to mention the fact that one of the biggest news of the month, and probably the year, was the acquisition of Whole Foods by Amazon for $13.7 billion.
While both companies aren't headquartered here — check out Austin Inno for the deal's impact on Whole Foods' home base — Boston had its fair share of M&A last month, including SoftBank buying Boston Dynamics from Alphabet and Microsoft officially acquiring Cybersecurity company Hexadite after rumors surfaced in April.
Here are the BostInno Departed from June 2017:
The Shuttered:
• Cure Forward, which was supposed to be like a "Tinder for researchers and patients," shut down its 30-person Cambridge-based firm, BBJ reported. CEO Frank Ingari told the BBJ that the company wasn’t able to raise a Series B funding round: “Our burn rate was substantial… it’s a classic startup story. It’s sad because we were starting to help a lot of patients." In 2015, Cure Forward raised $15M Series A from Apple Tree.
The Merged and Acquired:
• After trying to find a buyer for a long time, Google parent company Alphabet finally sold Boston Dynamics to a Japanese tech giant, SoftBank.
• Boston-based online delivery service Foodler was acquired by its much larger competitor, Chicago-based Grubhub, for an undisclosed amont.
• Microsoft has signed an agreement to buy Boston-based cybersecurity company Hexadite after rumors about the acquisition started spreading at the end of last month.
• Techstars alum Kinvey, a mobile backend tools provider, has been acquired by Bedford-based Progress Software for $49M.
• Consulting giant Accenture has acquired Intrepid, a mobile design and development company based in Cambridge, The Boston Globe reported. The 150 Intrepid employees will remain in the company's office in Kendall Square.
• EnerNOC, a Boston-based provider of energy intelligence software, has been acquired for over $300M by Enel Group, an Italian multinational energy company.
• Constant Therapy, a BU-born digital health startup, was acquired by San Diego-based Digital Health Corp. for an undisclosed amount. The startup raised a $2M round last year led by Golden Seeds.
• Parexel International has agreed to be acquired by private equity firm Pamplona Capital Management for $5B, BBJ reported. Following the deal, Waltham-based Parexel, which runs clinical trials on behalf of the drug developers, will become a privately-held company.
• Investment firm Thoma Bravo announced it has acquired Boston-based Continuum, which produces a platform for IT management, from Summit Partners. Financial details were not disclosed.
If you think there’s a startup missing from this list, email me at lmaffei@americaninno.com
