Kris Canekeratne, the founder of Southborough IT company Virtusa Corp., will leave his roles as chairman and CEO by June 30, an announcement which follows his company being acquired for $2 billion by financial services firm Baring Private Equity Asia.
Home prices continued to spike throughout Massachusetts in March, according to Peabody real estate data firm The Warren Group, with the median single-family sale price spiking 14.4% to $460,000, up from $402,000 in March 2020.
Southborough life sciences firm Veristat has acquired British contract research company SQN Clinical in a move the company says will allow it to expand its European capacities.
Information-technology company Virtusa, based in Southborough, has been acquired by financial services firm Baring Private Equity Asia in an all-cash purchase of all outstanding shares of common stock valued at $2 billion.
Central Massachusetts communities have received a combined $1.3 million in grant funding through the state’s Shared Winter Streets and Spaces program, MassDOT announced on Tuesday.
The Southborough firm Trivedi Advanced Technologies is moving into a far larger office about two and a half miles away as part of an ambitious growth plan.
Information technology company Virtusa, based in Southborough, received a boost to its plans for a $2-billion acquisition by financial services firm Baring Private Equity Asia with a independent advisory firms recommending stockholders vote for the transaction.