Xconomy: Compuware Scoops Up DynaTrace, Medtronic Buys Salient Surgical, Avedro Snaps Up $25M, & More Boston-Area Deals News
Summary
Compuware Scoops Up DynaTrace, Medtronic Buys Salient Surgical, Avedro Snaps Up $25M, & More Boston-Area Deals News Xconomy Boston — Boston-area IT, energy, and life sciences firms are making up for a short week last week with plenty of headlines on acquisitions and venture investments this time around.—Waltham,MA-based business software maker DynaTrace was bought by Detroit-based Compuware (NASDAQ: CPWR) for $256 million in cash, a deal that closed on July 1.DynaTrace, whose technology enables companies to manage the performance of their software applications, has raised $22 million since its founding in 2005.—Zafgen, a Cambridge, MA-based developer of obesity drugs, bagged a $33 million Series C round led by its existing investors, including Third Rock Ventures and Atlas Venture.—Maynard, MA-based Allegro Diagnostics added another $5.4 million to its Series A funding round, from existing investors Kodiak Venture Partners and Catalyst Health Ventures.
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