Kayak, VMware, 3M, & More Names from the Boston Deal Roundup

7/25/12Follow @xconomy

We’ve seen deals in the past week involving New England software makers, health IT startups, and biotechs.

—Framingham, MA-based application performance management software maker Correlsense said it raised $3 million in Series C funding. The money comes from Accel Partners, Vertex Venture Capital, ProSeed Venture Capital Fund, eXeed Technology, and Technion Research & Development Foundation.

—Sermo, the Cambridge-based startup that launched in 2005 to create an online social network for doctors, was bought by New York-based healthcare insights firm WorldOne. The deal terms were not disclosed, but we can expect to see the Sermo site growing and expanding, a company spokesman told me. Sermo has raised more than $40 million from investors like SoftBank Capital, Longworth Venture Partners, and Legg Mason Capital Management.

—Kayak made its much-anticipated debut on the public markets, raising $91 million in a sale of 3.5 million shares at $26 apiece. My colleague Greg even snapped some pictures of the travel tech company’s Concord, MA, offices on its big day.

—7AC Technologies, a Woburn, MA-based developer of HVAC systems that can remove humidity from the air, received an investment from 3M’s New Ventures Business unit. The funding amount was not disclosed, but 3M New Ventures president Stefan Gabriel said in the announcement that its “investment offers 3M a pathway to an exciting new strategic direction that is poised to create substantial growth opportunities for both companies.”

—Boston-based fantasy sports startup DraftKings nabbed a $1.4 million seed investment, led by Atlas Venture.

—Histogenics, a Waltham, MA-based regenerative medicine startup, raised $49 million in a financing round that comes as a recapitalization. The new funding was led by Sofinnova Ventures and included new investors Split Rock Partners, BioMed Ventures, and FinTech GIMV Fund—as well as previous backers ProChon Holdings, Altima Partners, Foundation Medical Partners, Inflection Point Capital, and Boston Millennia Partners. The company has previously taken in at least $40 million in a mix of debt and equity since 2008.

—Viztu Technologies, an MIT-founded maker of software and hardware enabling users to convert pictures and videos into three-dimensional content, was bought by South Carolina-based 3D Systems (NYSE: DDD) for an undisclosed sum. Viztu founders Ash Martin and Tom Milnes will be joining 3D, and the startup’s technology will be rolled into 3D’s Cubify home printer system, according to the announcement.

—And VMware, a virtualization technology company that is majority owned by Hopkinton, MA-based EMC (NYSE: EMC), is acquiring its Palo Alto, CA-based neighbor Nicira  for $1.26 billion in cash and stock. VMware (NYSE: VMW) was also in the news last week for a management shakeup.

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