Late-Breaking Boston Deals: MineralTree, DataGravity, & Tracelytics
No summer slowdown here. We found a few more New England tech deals that have been cooking in the last day or two.
—Boston-based MineralTree, a maker of cloud-based secure payment software for small and medium-size businesses, is announcing today that it has inked $6.3 million in Series A funding from Fidelity Growth Partners India and return (seed) investor .406 Ventures. The money will be used to fuel partnerships with banks and their business customers, according to the company.
—Earlier today, Wellesley Hills, MA-based business performance management software company AppNeta announced it is acquiring Tracelytics, a Providence- and Boston-based software-as-a-service startup with a similar focus. The deal terms were not disclosed, but AppNeta CEO Jim Melvin said in the release that Tracelytics’ “technology is a perfect companion to our network performance management solutions. Together we are providing unmatched insight to application and network operations teams that they do not have today.”
—And DataGravity, a Nashua, NH-based startup focused on making stored data more useful for businesses, has raised $12 million in funding from Charles River Ventures and General Catalyst, Scott Kirsner of the Boston Globe reported yesterday. The company was founded by veterans of EqualLogic, a maker of network storage devices that was acquired by Dell for $1.4 billion in cash back in 2008.