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.