Selected Exits
Andover
Acton, MA (Prior Investment)
Andover.Net developed a network of websites that provide news, information, products, and services to technology-oriented users including Slashdot, ThinkGeek, IT Manager’s Journal, and others. Andover went public in 1999 and was subsequently acquired by VA Linux (now Geeknet) in 2000 for $500 million.
Medical Metrix Solutions
West Lebanon, NH (Prior Investment)
Medical Metrx Solutions, Inc. is a medical technology and services company providing diagnostic quality 3-D virtual models of patient anatomy built from CT and MR scan data using the company’s proprietary modeling software. The company’s models — which contain more precise quantitative measurement information than competitors’ offerings — are provided to interventional radiologists and vascular surgeons who use them for pre-operative planning and post-operative surveillance of their patients’ conditions. The company was acquired by AIG in September of 2005 for $20 million.
Ozon
Moscow, Russia (Prior Investment)
Ozon is the leading e-commerce and online retail site in Russia. Ozon was acquired by Cisco in March of 2007 for $70 Million.
Multiply
Boca Raton, FL (Prior Investment)
Multiply developed a small-group approach to social networking that attracted a substantial audience in Southeast Asia. This trusted approach to sharing media enabled Multiply to become the largest ecommerce marketplace in the region. Naspers (JSE: NPN) acquired a majority of the company in 2010.
Optasite
Westborough, MA (Prior Investment)
Optasite's business is based on a simple philosophy—build a tower portfolio with the locations to expand wireless service providers' needs. As a result, Optasite is one of the fastest growing tower acquisition and development companies in the U.S. Optasite was acquired by SBA Communications (NASDAQ: SBAC) in September of 2008 for $430 million.
SnapGear
Salt Lake City, UT (Prior Investment)
SnapGear was a manufacturer of Linux-based security and networking hardware based in Australia. The company was acquired by Cyberguard in February of 2004 for $16 million.
Spirus Medical
Stoughton, MA (Prior Investment)
Spirus Medical developed a revolutionary new medical device for use in the endoscopic diagnosis and treatment of gastrointestinal (GI) disorders. Spirus's endoluminal technology has applications in other medical disciplines including urology and gynecology. Spirus was acquired by Olympus Corporation in 2011.
Taqua
Hyannis, MA & Richardson, TX (Prior Investment)
Taqua Systems, Inc. develops an open, programmable switching platform for deployment in telecommunications service provider networks. Taqua's proprietary architecture provides a modular switching platform that enables service providers to scale telecommunications networks. The company was acquired by Tekelec in April of 2004 for $95 million.
Yandex
Moscow, Russia (Prior Investment)
Yandex is the leading internet search engine in Russia. IPO, NASDAQ: YNDX.
Tower Ventures
Providence, RI (Prior Investment)
Tower Ventures was a developer of wireless tower assets. The company was acquired by American Tower (NYSE: AMT) in 2000 for $20 million.