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Jama Software to be acquired for $1.2B in significant exit for Portland-based company

GeekWire

billion deal, the company announced Monday. Founded in 2007 by Eric Winquist , Jama makes software used to build complex products and mission-critical systems, including projects with high levels of complexity and regulation, often combining hardware and software in engineering groups that span multiple disciplines. .

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Cybersecurity company ExtraHop raises $100M, names new execs

GeekWire

Clark joined the company in October 2023, and ExtraHop announced the hire of Andrews and Vasani in January 2024. LinkedIn Photos) Cybersecurity company ExtraHop announced $100 million in new funding from existing investors, as well as the hiring of two C-suite executives. It had raised $61.6 million before the deal.

Company 82
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Portland-based nuclear reactor company NuScale cuts 28% of workforce, or 154 employees

GeekWire

based nuclear company, is laying off 154 full-time employees, or 28% of its workforce. The company had previously marked notable achievements. Last year NuScale became the first company developing advanced nuclear technology to secure design certification from the U.S The company launched in 2007 and has invested more than $1.8

Company 92
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IBM’s $4.6B Apptio deal marks another new era for Seattle-area cloud and IT management company

GeekWire

based cloud and IT management company for $1.9 “It’s the third exit in one company,” said Sunny Gupta, the Apptio founder and CEO, in an interview with GeekWire Monday morning. That’s a key motivation, especially now, for many companies seeking to rein in expenses.

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Fitbit CEO reveals the company's plan to conquer fitness wearables and telemedicine

TechSpot

Fitbit started its life in 2007, when James Park and Eric Friedman saw the opportunity of using sensors to create small wearable devices that could help you keep track of your activity levels and become more fitness-focused. The company has had a bumpy journey marked by several moments of financial.

Company 114
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Healthcare company Accolade lays off workers and closes offices

GeekWire

(Accolade Photo) Seattle and Philadelphia area-based primary healthcare company Accolade is cutting its workforce and closing or reducing some facilities, according to a recent regulatory filing. A company spokesperson declined to say how many Accolade workers are affected by the reductions. for $460 million.

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Seattle-area cloud migration startup BitTitan acquired by B2B software company Idera

GeekWire

BitTitan , a Seattle-area cloud services provider, has been acquired by Idera , an Austin-based company that manages a portfolio of B2B software brands. Founded in 2007, BitTitan sells to IT service providers, value-added resellers, and system integrators, helping them migrate to the cloud via its product MigrationWiz.

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