Cool news today, and props to BostInno for breaking the story on Performable being bought by Hubspot.
This deal makes sense if Hubspot customers are looking for deeper analytics, like the ones offered by Performable. It also combines a large and well known engineering team with Performable’s kick butt dev team. It’s good to see that Hubspot is putting some of that monster Series D money to good use.
The only issue I have with the acquistion is that it puts two of the top Boston area seed investors under the same roof. Dharmesh Shah and David Cancel are two really aggressive angel investors… hopefully them being in the same company won’t cause their individual deal flow to decrease as they spend more and more time together…
July 1st, 2011 at 11:48 pm
I’m personally thrilled about pulling these two great teams together. Increases our chances that we’ll build the world’s best marketing software company here in Boston.
Also, I honestly don’t think this is going to negatively impact angel investments that either of us is doing.
July 4th, 2011 at 5:34 pm
Good luck to you and both teams as you keep building a great SaaS biz here in Boston. And keep investing in startups!