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.
