Compuware Scoops Up DynaTrace, Medtronic Buys Salient Surgical, Avedro Snaps Up $25M, & More Boston-Area Deals News

7/13/11Follow @xconomy

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.

—Boston-based EnerNOC (NASDAQ: ENOC), a energy management and demand response technology provider, bought Energy Response, Australia and New Zealand’s largest demand response provider, for an undisclosed sum.

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. The deal doubled Zafgen’s total financing to $66 million.

—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.

—Waltham-base med tech startup Avedro nabbed a $25 million Series C financing led by SCP Vitalife and Aperture Venture Partners, with participation from previous backers Prism VentureWorks, De Novo Ventures, Flagship Ventures, Borealis Ventures and Echelon Ventures. The company is … Next Page »

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