You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Activate Networks, a network analytics firm, closes $10m Series B financing round

Activate Networks Inc., a Newton-based provider of network analytics for business, said Tuesday that it has closed a $10 million Series B financing round led by Reed Elsevier Ventures, along with existing investor Excel Venture Management and new investor Premier healthcare alliance.

“The financing will allow us to accelerate our growth and maintain our leading position in network analytics for enterprises,” Activate Networks chief executive Larry Miller said in a statement. “As more companies seek to generate value from their existing Big Data, Activate Networks’ software and predictive analytics will provide a unique and highly valuable network ‘lens.’”

Continue reading below

By mapping networks of customers and analyzing influence patterns, Activate Networks said it is able to increase sales effectiveness and efficiency through improved sales targeting optimization.

The firm has raised $15 million to date, a company spokeswoman said.

Chris Reidy can be reached at reidy@globe.com.
Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.