Tue. Jan. 10, 2012 Zmags raises $7 million
Zmags, a Boston company that helps such retailers as Kenneth Cole and Express to market their merchandise to consumers with smartphones and computer tablets, said today that it has secured $7 million in additional funding. The financing is from new investor Square 1 Bank and existing investors OpenView Venture Partners and Northcap Partners. Since its inception, Zmags has raised more than $15 million in growth capital. Paint company Benjamin Moore taps Mullen to be its new ad agency
Mullen, a Boston advertising agency, has won the ad account of Benjamin Moore & Co., a New Jersey-based manufacturer of paintings and coatings. Billings for the account are not being disclosed. ““Benjamin Moore offers a superior paint product, period,” a Mullen executive said. “Our job is to bring that differentiation to life in a fresh way.” AIM: Mass. business confidence rose slightly in December
Business confidence in Massachusetts rose slightly in the final month of 2011, according to an index maintained by the Associated Industries of Massachusetts, or AIM, a group that represents Bay State employers. AIM’s monthly business confidence in Massachusetts posted a December reading of 51 on a 100-point scale, a nine-tenths of a point increase from the November reading. Skanska USA to provide construction management services for expansion of Novartis complex near MIT
Skanska USA said that its building business unit has been selected to provide construction management services for Novartis AG’s ambitious expansion plans in Cambridge. Novartis, a Swiss medical giant, is moving ahead on a $600-million laboratory-and-office complex near the campus of the Massachusetts Institute of Technology. The plan is for the complex to serve as the centerpiece of the company’s research operations. Among the designers hired by Novartis are noted architect Maya Lin, who came to prominence for designing the Vietnam Veterans Memorial in Washington, D.C. Warp Drive Bio launches with initial financing of $125 million
Boston venture capital firm Third Rock Ventures announced the launch of a genomic search engine company in strategic partnership with Sanofi SA, the French drug maker that recently bought Genzyme Corp. of Cambridge for $20.1 billion. The new company --- Warp Drive Bio --- will have $125 million in initial financing. Alexis Borisy, partner at Third Rock Ventures, is the interim chief executive officer of Warp Drive Bio. 37 Friendly’s stores closed
Here is a look at the 37 stores -- including 10 in the Bay State -- that are set to close. Friendly’s Ice Cream out of bankruptcy, but closes another 37 stores, including 10 in Mass.
Friendly’s Ice Cream shuttered another 37 stores yesterday, including 10 in Massachusetts, before emerging from bankruptcy protection today, the company said in a statement. Vertex upstaged by Bristol-Myers deal
SAN FRANCISCO -- This was supposed to be a victory lap for Vertex Pharmaceuticals Inc. executives: their first appearance at the life sciences industry’s most important annual conclave since they won long-sought approval of their potential blockbuster drug to treat hepatitis C. But the Vertex team, including its departing chief executive and his newly appointed successor, was partly upstaged by an announcement on the eve of the 30th annual J.P. Morgan Healthcare Conference that giant drugmaker Bristol-Myers Squibb Co. was entering the hepatitis C market. Mass. gas prices jump 8 cents a gallon
The average price of gas in Massachusetts is $3.379 a gallon in the latest weekly AAA survey, up 8 cents a gallon from the previous week’s average, AAA Southern New England said today. It’s the largest one-week increase since late last April, and local gas prices have risen 16 cents a gallon over the past three weeks. The current national average for gas is $3.37 a gallon. A year ago at this time, the Massachusetts average was $3.08 a gallon. Dunkin’ celebrates 60th anniversary of Today show with special donut
Dunkin’ Donuts is celebrating its 60th anniversary of the Today show this week with a special donut whipped up by its uber chef. In honor of this milestone, Dunkin’ commissioned Stan Frankenthaler, the executive chef and vice president of product innovation at its parent company, to devise a celebratory cake that draws heavily on the chain’s donut and Munchkins heritage. The cake was presented this morning to anchors on the Today Show, a morning news program. Through Jan. 15, folks can try a “Today Donut,” which the chain describes as a “yeast ring donut, topped with vanilla icing and Today-colored sprinkles in a red, orange, and yellow mix.” TA Associates agrees to sell stake in TaxACT
TA Associates, a private equity firm with offices in Boston, plans to sell its full majority stake in TaxACT, an Iowa company that develops tax preparation software and Web-based services for consumers. The prospective buyer is InfoSpace Inc., an online search company headquartered in Bellevue, Wash. InfoSpace said it has signed a definitive agreement to acquire TaxACT for $287.5 million in cash. | 
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