The Boston tech scene hasn’t had a big IPO since Kayak last summer. So who’s next? A new entrant in the race might be Extreme Reach, an online video-advertising firm based in Needham, which has just raised $50 million in growth financing. The company has 10 offices across North America and is on pace for $100 million in annual revenue. So add them to an IPO watch list that includes (locally) HubSpot, Jumptap, Acquia, and Wayfair.
In other innovation news …
-- Terrafugia has unveiled a new concept for a hybrid-electric flying car: this one has vertical takeoff and landing capabilities. The Woburn startup is looking to ship its first product by 2015, but that one will still need a runway.
-- Our deal of the week is a $300 million partnership, per new drug developed, for Lexington’s Concert Pharmaceuticals. The deal is with drug giant Celgene, which has been building lots of relationships with Boston biotechs as of late.
-- And lastly, IPOs and partnerships are one thing. But how can New England tech companies truly lead the world? Xconomy will address that question at our 5th annual XSITE conference, when we convene top executives at over 30 companies from Akamai to Xamarin. It’s all happening June 19 at Babson College.
