Xconomy Report: Tech in the Air

By Xconomy.com

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March 2, 2012

cape_air

Cesna 402, photo courtesy of Cape Air



BOSTON —The Internet is abuzz over Google’s new privacy policy and its effect on targeted advertising. But another bit of news has emerged from the search giant’s Cambridge office. I.T.A. Software, an M.I.T.-bred company bought by Google for $700 million, has rolled out a new reservation system for airlines, starting with Hyannis-based Cape Air. The software is different from I.T.A.’s main business of flight search. So it remains to be seen how Google might integrate I.T.A.’s staff and broader technology to compete with travel search sites like Kayak, Expedia, and Bing.
 
In other innovation news, three Boston-area life sciences companies inked deals worth more than $200 million apiece:
 
Healthcare firm Alere acquired the toxicology screening company eScreen.
 
Boston Biomedical, a maker of cancer stem cell drugs, was acquired by Japan-based Dainippon Sumitomo Pharma.
 
And Concert Pharmaceuticals sold a worldwide license of its psychiatric drug to California-based Avanir Pharmaceuticals.
 
Meanwhile, India’s largest automaker, Tata Motors, has commissioned Watertown-based A123 Systems to supply the battery packs for its line of hybrid electric buses and other commercial vehicles. A123 has also begun rehiring the 125 employees it laid off last year.
 


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The weekly roundup of business, technology and life science news from our partners at Xconomy.com airs every Friday on 89.7 Boston Public Radio.

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