Boston Tech Deals: TripAdvisor, PTC, Karmaloop, Intigua

Here are a handful of tech-industry financing and acquisition deals that went down this week, from travel and industrial software to IT and e-commerce:

TripAdvisor, the Newton, MA-based online travel site conglomerate, is making another acquisition. TripAdvisor says it’s spending about $200 million, mostly in cash, for online travel-booking company Viator. TripAdvisor says San Francisco-based Viator’s more than 250 employees will stay on the payroll. The deal is TripAdvisor’s fourth acquisition this year.

PTC, a Needham, MA-based industrial software company, is acquiring a smaller company that specializes in software for Web-connected devices. PTC (NASDAQ: PTC) says it is spending about $170 million in cash for Foxboro, MA-based Axeda. Axeda, which says it has more than 150 customers, was backed by investors including JMI Equity, Wipro Ltd., and Mitsui & Co.

Karmaloop, a Boston-based online clothing retailer, has raised $13 million in debt financing from Chicago-based CapX Partners. Karmaloop CEO Greg Selkoe tells the Boston Business Journal that the company collected about $160 million in top-line revenue last year, and will be focused on increasing its profitability.

Intigua, a Newton, MA-based cloud computing software company, has raised a $10 million Series B round led by Intel Capital. The new cash brings the total venture investment in Intigua to $21 million. Previous investors Bessemer Venture Partners and Cedar Fund also provided some of the new funding.

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  • Kevin Nas

    I have to travel a lot for my business, mostly in Europe and Asia, but often in the states to cities like Las Vegas. I used to use sites like Travelocity to book my flights and lodging, but I stumbled upon the better way to find deals: go to the second level sites – those like who compare the hundreds of different booking sites in one single search. You’ll not only see Trivago or Expedia deals, but ALL OF THEM in one place.

    I must have saved over 3,000 Euros since I started using them. I sincerely believe that using only one of the top booking sites is not necessarily the best idea.