DynaTrace Takes $12.9 Million
Wade Roush8/5/08
Waltham, MA-based DynaTrace Software, whose products diagnose performance problems in large, distributed enterprise systems from companies like SAP, Microsoft, and IBM, announced today that it has closed a second round of funding totaling $12.9 million. The Series B investors included Bay Partners of Menlo Park, CA, and existing investor Bain Capital Ventures of Boston. In a statement, the three-year-old company said the new funds will be used to “further expand the Company’s sales, marketing and business development activities.”
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
