Massachusetts is a great place for entrepreneurs. Just take a look at this impressive list of “top things you might not know about the MA technology and innovation sector” assembled by Brian Shin (Founder and CEO, Visible Measures).
Michael Greeley (Founder and General Partner, Flybridge Capital Partners) and Andy Ory (Co-founder, President and CEO, Acme Packet), co-chairs of the Entrepreneurship Working Group of the IT Collaborative, seem to agree. Watch what they and others had to say on June 10th. Massachusetts is a great place to do business.
But that does not mean we have it made. Perhaps we need to do a better job at embracing our entrepreneurs.
Look at the list below and comment. What are other success stories do we need to tell the world? What can we do to make these and upcoming stories well known and celebrated? Do YOU have a story to tell?
Top Things You Might Not Know About the MA Technology & Innovation Sector
- Much of the internet is powered in MA with key foundational technologies developed at BBN, and companies like EMC, Akamai, and Sycamore Networks headquartered here.
- MA is home to over 200 mobile startups, one of the largest mobile technology acquisitions (mQube by Verisign), the leading open mobile platform (Android, now Google), and the largest mobile social network (Mocospace).
- Many leading online travel companies including Tripadvisor, ITA Software, and Kayak (started in Cambridge, MA and acquired by Side Step) are based in MA.
- MA has a developing video nexus with Boston-based Sea Change, Brightcove, Permission TV, Gotuit, Visible Measures, Scanscout, Everyzing, Extend Media, Extreme Reach, and others.
- Industry-defining, thriving, and publicly traded companies Monster.com, Avid, Pegasystems, Netscout, and Nuance are all based in MA.
- MIT graduates have contributed $2 trillion in economic value by starting companies like Sohu.com and Analog Devices, with a current market capitalization over $7 bn.
- In the past few years, the MA tech sector has spawned such IPO’s as Acme Packet, Constant Contact, and Vistaprint.
- MA-based Meditech and Mathworks are two industry leaders who are among the world’s largest privately held independent software technology companies.
- Some of the largest media technology acquisitions to occur in the past years, including Navic Networks (by Microsoft), Maven Networks (by Yahoo), and Broadbus (now Motorola) have been in MA.
- Equalogic was acquired by Dell for almost the same amount ($1.4 bn) as YouTube by Google ($1.65 bn) but with 100 times less buzz (as measured by deal web page search results).
What else do we need to know? Add your stories here.
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