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Southborough AI technology firm names new CTO

Newmine, a developer of retail returns reduction platform, has named Trishan Singh as its new chief technology officer.

Following $2B acquisition, Virtusa founder & CEO to depart

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.

Hopkinton leads MetroWest growth in March home sales

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.

NYC firm takes majority ownership of Southborough’s Veristat

Southborough life sciences firm Veristat announced on Thursday that WindRose Health Investors now holds majority ownership of the company.
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Olympus completes $45M Westborough R&D site

Medical optics firm Olympus Corp. has announced the completion of its new, 150,000-square-foot facility in Westborough.

Veristat acquires British clinical firm in European expansion

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.

$2B acquisition of Southborough’s Virtusa completed

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 Mass. awarded $1.3M in winter streets grants

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.
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Southborough tech firm expanding to new offices with $1.1M purchase

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.

Independent firms advocate for $2B Virtusa merger

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.
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