Stockholders for Westborough mobile software company ViryaNet have voted to approve the company's acquisition by Verisae Inc. for $18.8 million in cash announced last month.
Home to 11 percent of American drug development and more than a fifth of all U.S. biotech venture capital, Massachusetts has particularly piqued the interests of Israelis with life sciences backgrounds.
With momentum continuing and “Greater Boston at a remarkable turning point in its economic development,” analysts from Jones Lang LaSalle (JLL) said they saw strong commercial leasing activity in the second quarter in Boston and core submarkets, including the Interstate 495 and MetroWest regions.
Westborough-based Kopin Corp. said it has received a $9 million order for display modules in support of the U.S. Army's Thermal Weapon Sight (TWS) program.
At the center of MetroWest and about 20 miles from Boston, Framingham looks to have an edge over many communities when it comes to economic development prospects.
But town officials believe Framingham could be doing more to develop commercial properties, especially near exits 12 and 13 off the Massachusetts Turnpike.
“It may have been, at times, we've taken it for granted,” Town Manager Robert Halpin said Monday of the town's position.
With 68,000 residents, Framingham also employs the most people of any MetroWest town. According to 2008 data published by the town, the job count stood at 45,000, representing 41 percent of the region's total employment. But Framingham officials are hoping to boost the town higher with a new business-friendliness campaign, “Choose Framingham for Business.”
Westborough mobile software company ViryaNet Limited has agreed to be acquired by Verisae Inc. of Minneapolis, according to a statement from the company.
If you own valuable property and are looking to sell, Westborough's a good place to be in 2014. Five commercial, retail or residential properties in the town worth $9 million or more have changed hands so far this year, according to deed records.