Longworth Venture Partners Posts

NuoDB receives $14.2 million in funding

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NuoDB, a cloud computing database software platform company, has received $14.2 million in funding led by Dassault with participation from Morgenthaler Ventures, Hummer Winblad Venture Partners, and Longworth Venture Partners. Dassault Systems is one of the largest software companies in Europe that focuses on 3D design and manufacturing.
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Swirl Raises $8 Million

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Swirl Networks is a Boston-based technology company that helps retailers customize their mobile applications.  Shoppers can be pinged with marketing messages and discounts while they are inside the stores.  Swirl Networks has raised $8 million in funding led by Hearst Ventures.  This round of funding also includes participation from existing investors like SoftBank Capital and Longworth Venture Partners.
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Olapic Raises $5 Million In Series A

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Olapic is a startup that has raised $5 million in Series A funding led by Fung Capital USA and Longworth Venture Partners.  Existing investors Great Oaks and Scout Ventures also participated in this round.

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JIBE Raises $10 Million In Series B

JIBE is a mobile job applications startup company that has raised $10 millin in Series B funding led by Longworth Venture Partners.  Existing investors like Polaris Partners, Lerer Ventures, DFJ, DFJ Gotham, and Thrive Capital have joined this round also.  JIBE used to be known as a company called localbacon.  

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TrackVia Raises $7.1 Million In Series B

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 is a company that has tools for non-coders to build web applications that are optimized for mobile devices.  TrackVia has raised $7.1 million in Series B funding led by Longworth Venture Partners and Fairhaven Capital.  Other investors that participated in this round include Access Venture Partners, Flywheel Ventures, Draper Associates, and Allen & Company.

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Sermo Has A Fever And The Only Prescription Is A Partnership With Pfizer

Pfizer Logo“Sermo’s state of the art technology has the potential to greatly improve our ability to provide physicians with timely and accurate information they want about our medicines and clinical data.”
-Michael Berelowitz, MD, Senior VP of Global Medical and New York Site Head of Worldwide Development for Pfizer

One of the world’s largest pharmaceutical companies, Pfizer Inc. announced today that they are partnering with Sermo Inc., a social network that has membership comprised primarily of licensed physicians.  Physicians on Sermo will have easier access to Pfizer’s clinical information to find data that they need. 

Sermo is Latin for conversation and joining Sermo isn’t easy.  Sermo validates whether all of the physicians that join the site are actually licensed.  Non-physicians are currently not permitted to join.  But Sermo has plans of opening the community eventually.  Physicians can make money on Sermo by writing or by voting for postings.  If physicians give opinions on a posting, there isn’t any malpractice liability because provinding opinions and information does not constitute the definition of malpractice.

Sermo is based in Cambridge, Mass. and raised $27 million in Series C funding last month.  Allen & Co. LLC and Legg Mason Investment Trust Inc. were the investors.  To date, Sermo raised a total of $39.5 million.  Daniel Palestrant, CEO of Stermo stated that they would use the funding to hire more employees and website capacity increase.  The company plans on hiring 25-50 more employees over 2008.

Sermo has about 26,000 licensed physicians participating on the social network.  The U.S. Food and Drug Administration Center for Devices and Radiological Health also has access to the social network.

Other investors in Sermo includes SoftBank Capital Technology Fund and Longworth Venture Partners.  Both companies invested a total of $9.5 million in Series B in January 2007.  Longworth invested $3 million in Series A for Sermo.

Microsoft Acquiring Parlano As A Value-Add To Communications Software

Microsoft and Parlano LogosToday Microsoft made an announcement that they would be acquiring Parlano. Parlano is a Chicago, Ill. based company that developed software called MindAlign, an enterprise group chat messaging system. Microsoft is expecting to implement Parlano software as a part of Microsoft Office Communications Server and Microsoft Office Communicator. Microsoft Office Communicator is an internal messaging system that works similar to Windows Live Messenger, commonly used among major corporations.

“Parlano has been successful in meeting the rigorous communications needs of companies in financial services and other vertical markets,” stated Gurdeep Singh Pall, the corporate vice president of the Unified Communications Group at Microsoft. “Parlano’s expertise and technology, added to Microsoft’s unified communications offering, will deliver customers the most complete presence, instant messaging and group chat solution on the market.”

Financial terms for the acquisition were not disclosed. Parlano is a spin-off from UBS (Union Bank of Switzerland) and has 50 employees. Parlano’s investors include Longworth Venture Partners and Oak Investment Partners.

“Parlano has helped many organizations enhance operations, improve service delivery and increase sales through more effective ongoing group communication, collaboration and knowledge sharing,” stated Nick Fera, the chairman and CEO of Parlano. “The resulting competitive advantage will be further enhanced as we bring Parlano technology together with Microsoft Office Communications Server and Office Communicator.”