IBM acquires FilesX for reported $70-90M
FilesX, a data recovery startup started in Israel and now based in Newton, Mass., has been acquired by IBM (NYSE: IBM). The purchase price for the deal was undisclosed, but reported to be between $70 and $90 million dollars, according to Globes Online.
The company’s backers, Benchmark Capital, Genesis Partners and Index Ventures, had put about $20 million into the company since it was founded in 2000.
FilesX makes restoration software that complements other storage systems like… Continue Reading
Life-science briefing: Monday, April 7, 2008
TODAY’S HEADLINES:
Quark Pharma gets $27M for RNAi drugs (release)
TargetRx takes in $9.6M for physician-prescribing data (release)
D-Pharm raises more than $3M for fat-like drugs (release)
Vortex Medical raises $2.3M for medical devices (VentureWire)
Specialty pharma Ascio takes in $3M (VentureWire)
Keraderm gets $1.7M for antifungal drugs (VentureWire)
Contract researcher CTMG raises $500K toward $1M round (VentureWire)
Singapore’s Progeniq raises seed funding for life-science computing (release)
Acrongenomics scuttles Molecular Vision acquisition (peHUB)
Michael Gutch joins H.I.G. Ventures (release)
Quark Pharma gets $27M for RNAi drugs – Fremont, Calif.-based Quark Pharmaceuticals,… Continue Reading