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 looking to use the pulse in microwave energy to correct vision.

—Another midwestern firm (medical device giant Medtronic) acquired a Boston-area company this week: Portsmouth, NH-based Salient Surgical. Medtronic paid $525 million for Salient, which makes devices that stop bleeding and seal wounds by allowing surgeons to apply focused radio-frequency energy and saline solution to collagen fibers in the body.

—Cambridge-based power management startup Gridco took in $12.5 million in funding, an SEC filing showed. Ric Fulop of North Bridge Venture Partners,  Hemant Taneja of General Catalyst Partners, and Sycamore Networks veteran Naimish Patel are listed as directors of the company.

—Qualtré, a Marlborough, MA-based maker of motion sensor technology for electronics, snapped up $10 million from Matrix Partners and Pilot House Ventures.

—Newton, MA-based TripAdvisor acquired a Chicago-based social travel company called Where I’ve Been. Financial terms weren’t disclosed, but Where I’ve Been’s entire product team will join TripAdvisor, according to a company statement

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