Web, startups, M&A

Gomez Takes $295M Buyout Offer

Ryan McBride 10/7/09

It’s good to be Gomez. The Lexington, MA-based software firm has agreed to be purchased by Detroit’s Compuware (NASDAQ:CPWR) for $295 million in cash, the companies report today. Gomez, which provides performance-management software for Web and mobile applications, was already in registration for an $80.5 million IPO and had raised, according to PeHub, $66 million in funding between 1999 and 2004 from its venture backers ABS Ventures, AdAstra, Dolphin Equity Partners, and Doughty Hanson & Company. The deal is expected to close in November.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.