AppNeta, a firm that provides cloud-delivered services for clients’ IT departments, said it has raised $16 million in Series C funding. The round was led by Bain Capital Ventures, Egan-Managed Capital, JMI Equity, and Business Development Bank of Canada, said AppNeta, which has offices in Boston and Vancouver. About six weeks after Boston digital ad firm Digitas was merged with a Dutch company owned by the same corporate parent, Digitas has a new chief executive, said the corporate parent, Publicis Groupe of France. The region’s growing dependence on natural gas to generate electricity is a “serious” threat that could cause more frequent power outages and increase energy prices, Gordon van Welie, head of New England’s power grid operator, said in prepared testimony to Congress on Tuesday. Blueprint Medicines, a Cambridge company that seeks to harness the potential of cancer genomics, said Tuesday that it is looking to advance its research into potential cancer treatments by collaborating with Wellcome Trust Sanger Institute and the Massachusetts General Hospital Cancer Center. Fidelity Investments, a Boston-based financial services company whose specialties include retirement savings plans, announced the availability of Income Simulator for Fidelity NetBenefits participants. The simulator is an online tool that gives employees a snapshot of how much estimated monthly income their current savings strategy might generate for their household relative to their retirement goals, Fidelity said in a press release. American Honda Motor Co. said that Mullen of Boston will be the ad agency of record for its Acura luxury brand. Mullen won the assignment following an ad agency review in which the Honda brand's ad account was also in play. Federal securities regulators froze the assets of a Massachusetts man who allegedly stole $1.1 million from investors by convincing them he was running a hedge fund. According to a complaint unsealed Monday in federal court in Boston, Gregg D. Caplitz and his Insight Onsite Strategic Management in Wilmington transferred money from clients to his investment chief, whose family spent the funds on personal expenses. The company reported in filings with the Securities and Exchange Commission that it had $100 million in assets under management. But it in fact has no assets. “Caplitz and his firm conjured up a hedge fund to lure longtime clients into investing substantial amounts of money that became nothing more than a slush fund,” regulators said. | | |
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