DynaTrace Takes $12.9 Million

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 the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

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