In The Know
The Inno stories you need to read today.
Inside the people, companies and organizations making moves in Boston.
Dylan: Fitbit announced on Tuesday it will acquire MIT spinout company Twine Health, giving the San Francisco-based wearable company a way to expand its offerings to health plans. Founded in 2013 by John Moore, Frank Moss and Scott Gilroy, Twine Health provides HIPAA-compliant health coaching software that helps people with things like weight loss and smoking cessation. It also helps them manage chronic conditions, such as diabetes. As part of the deal, Twine Health’s team will join Fitbit’s Health Solutions group, with Moore, Twine Health’s CEO and founder, serving as Fitbit’s medical director. Financial terms of the acquisition were not disclosed. This is also a good time as any to remind folks that Fitbit has a Boston office in the Seaport at One Marina Park Drive. Read more: Fitbit Is Acquiring MIT Spinout Twine Health for Health Coaching Software
Lucy: More local M&A news. Nonprofit company Harvard Student Agencies has scooped up a market research startup to be added to its portfolio of 15 student-led businesses: Campus Insights, a startup born out of Boston College that helps tech companies and development firms get feedback on their apps from college students. “The long-term vision for our business was to ideally keep it student-run,” co-founder and outgoing CEO Riley Soward told me. The company had been in talks with HSA since January 2017, thanks to a casual meeting in line at a Whole Foods market (where DoorbellCEO Ben Pleat played a role). If you’re curious to hear the full story, I have you covered. Read more: Boston College-Born Startup Gets Acquired by a Harvard Student-Run Nonprofit
Dylan: The Wall Street Journal has a new article on Wayfair, focusing on the ecommerce company’s “riddle”: that the company’s shares have increased 115% in the last year while still failing to figure out how to grow profitably. Analyzing Wayfair’s position and the growing competition from Amazon and other giants like Walmart, WSJ writer Elizabeth Winkler offers this conclusion: “Wayfair’s best bet, and the biggest risk to short sellers, is that it will be acquired.”
Lucy: The graduate professional studies division at Brandeis University is launching a fully online, part-time master’s degree in robotic software engineering. All courses are 10 weeks long and students can complete the degree in as quickly as 18 months.
Your daily funding roundup.
Lucy: Cybersecurity firm Perception Point has raised $8M in Series A funding round led by Pitango Venture Capital, along with State of Mind Ventures and Korea Investment Partners. The company has two offices, in Tel-Aviv, Israel, and Newton, Mass.
Who’s moving where.
Lucy: Jim Totton is the new EVP of product management, engineering and operations at Everbridge. Totton joins the companyfrom Red Hat, where he served as VP and general manager.
In The Community
The events and happenings to know about tonight and this week.
Lucy: Deadline alert. The last chance to compete in the annual MITX Awards Show — a large and prestigious annual awards for digital marketing and technology innovation — is approaching. Submit your entry by this Friday (Feb. 16) and grab tickets here. The live ceremony will be on May 24 at the Royale, Boston.
Dylan: Also, if you want a chance to speak at HubSpot’s annual Inbound conference, here it is. Apply to become a speaker here.
Read This Right Now
Insight and analysis from the community and beyond.
Lucy: In a guest post for Entrepreneur magazine, Janet Comenos, CEO and co-founder of Spotted Media, shares her vision on how to help employees who want to quit the company, from an employer’s perspective. As for the policy she’s set up at Spotted, “They would get two months full pay where they could spend 50 percent of their time looking for another job. Furthermore, we would work together on crafting a shortlist of companies that they were most interested in, and I would help set up introductions for them and act as a positive reference.”
Featured startup and tech jobs on BostInno’s new Careers Directory.