{"id":536378,"date":"2010-04-21T03:15:25","date_gmt":"2010-04-21T07:15:25","guid":{"rendered":"http:\/\/www.xconomy.com\/?p=74798"},"modified":"2010-04-21T03:15:25","modified_gmt":"2010-04-21T07:15:25","slug":"signature-genomic-gets-sold-for-90m-dreambox-bought-by-netflix-ceo-the-7m-madrona-man-more-seattle-area-deals-news","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/536378","title":{"rendered":"Signature Genomic Gets Sold for $90M, DreamBox Bought by Netflix CEO, The $7M Madrona Man, & More Seattle-Area Deals News"},"content":{"rendered":"\n
Roundup<\/a>, deals<\/a>, acquisitions<\/a><\/div>\n

\t\tGregory T. Huang wrote:<\/strong><\/p>\n

A very wide range of deals were done this week in the Northwest, ranging from small tech partnerships and fundings to a large biotech acquisition. Methinks the action will pick up in the next month before summertime.<\/p>\n

—Bellevue, WA-based DreamBox Learning<\/strong>, an online math education startup, has been acquired by Netflix CEO Reed Hastings and the Charter Fund<\/a>, a nonprofit VC firm. Financial details weren’t given, but the deal includes a new $10 million investment in DreamBox. Hastings is a board member of Microsoft and an educational philanthropist. DreamBox is one of several companies leading the way in online “adaptive learning” technologies for kids.<\/p>\n

—Seattle-based Airbiquity<\/strong> formed a partnership with Tokyo-based Hitachi Automotive Systems<\/a> to develop wireless telecom systems for electric vehicles. Financial terms weren’t announced. The deal is part of a broader effort to establish a global infrastructure for wirelessly connected vehicles and intelligent transportation services.<\/p>\n

—I took a deeper dive into Seattle-based Madrona Venture Group’s<\/strong> recent investment in Searchandise Commerce<\/a>, an e-commerce and paid search company based in the Boston area. The $7 million deal is the brainchild of Brian McAndrews, Madrona’s newest managing director and the former CEO of aQuantive.<\/p>\n

—Seattle Genetics<\/strong>, the cancer drug developer based in Bothell, WA, and Genentech, the U.S. unit of Roche, have extended a licensing agreement for developing “empowered antibodies,”<\/a> as Luke reported. Seattle Genetics (NASDAQ: SGEN<\/a>) will receive $9.5 million upfront, plus milestone payments and royalties on sales of any FDA-approved products, while Genentech will pay for developing and marketing the drugs, which are designed to be more potent cancer-cell killers.<\/p>\n

—We summed up the top 10 venture deals for companies in Washington state in the first quarter<\/a> of 2010. Leading the way in terms of dollars were Visible Technologies and BlueKai (more than $20 million each), while mobile-app startup Zumobi<\/strong> managed to sneak in $7 million under our noses. Only one out of the top 10 deals was a Series A financing.<\/p>\n

—Spokane, WA-based Signature Genomic Laboratories<\/strong> is being acquired by PerkinElmer<\/a> (NYSE: PKI<\/a>), the Waltham, MA-based scientific instrument maker. The deal is worth a whopping $90 million in cash, as Luke reported.<\/p>\n

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Roundup, deals, acquisitions Gregory T. Huang wrote: A very wide range of deals were done this week in the Northwest, ranging from small tech partnerships and fundings to a large biotech acquisition. Methinks the action will pick up in the next month before summertime. —Bellevue, WA-based DreamBox Learning, an online math education startup, has been […]<\/p>\n","protected":false},"author":1747,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1,16,7,10,14],"tags":[],"class_list":["post-536378","post","type-post","status-publish","format-standard","hentry","category-automotive","category-internet","category-mobile","category-news","category-software","category-telecom"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/536378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1747"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=536378"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/536378\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=536378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=536378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=536378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}