Companies and private equity firms spent nearly $5 billion in Greater Boston's 10 largest tech acquisitions of 2017, with the top deal counting for more than a fifth of the total value.
Our list of Boston's 10 largest tech acquisitions was compiled using our previous reporting and data from Crunchbase Pro. The list does not include biotech of life sciences companies.
Cayan, a Boston-based fintech company, capped off 2017 with this year's largest acquisition, getting sold for more than $1 billion. This year's top acquisitions also include two cybersecurity companies, an autonomous vehicle startup that had only raised about $20 million in funding, and two companies that were previously public.
Here are this year's 10 biggest Boston tech acquisitions of 2017:
1. Cayan ($1.05B)
Cayan, a payment processing company that has been around for 19 years, announced in December that it is getting acquired by Total System Services, a Georgia-based public financial services company, for an all-cash transaction valued at approximately $1.05 billion.
2. SimpliVity ($650M)
SimpliVity, a Westborough-based provider of virtualized data center technology, announced in January that it was getting acquired by Hewlett Packard Enterprise for $650 million. The company had previously raised a $175 million round in 2015 at a valuation of more than $1 billion. Investors included Kleiner Perkins Caufield & Byers, CRV and Accel Partners.
3. Veracode ($614M)
Veracode, a Burlington-based cybersecurity company that previously had ambitions to go public, announced in March it would be acquired by New York-based CA Technologies for $614 million. The company had raised more than $110 million in funding from investors, including .406 Ventures, Polaris Partners and Atlas Venture.
4. Black Duck Software ($547M)
Black Duck Software, a Burlington-based company that focuses on open source security products, was acquired by West Coast tech company Synopsys in December for a value of roughly $547 million net of cash acquired. The company had raised $74 million from investors, including General Catalyst, Red Hat, Volition Capital and Intel Capital.
5. NuTonomy ($450M)
NuTonomy, a Boston-based autonomous vehicle startup, announced in October that is getting acquired by automotive supply manufacturer Delphi for a deal worth up to $450 million. The company had raised just shy of $20 million in funding from investors, including Highland Capital Partners and Samsung Ventures. NuTonomy is now a subsidiary of Aptiv, a company focused on autonomous vehicles that spun out from Delphi in December.
6. Best Doctors ($440M)
Best Doctors, a healthcare software platform for receiving second opinions from doctors, announced in June that it was getting acquired by Teledocs for $440 million. The company was previously backed by investment bank Brown Brothers Harriman.
7. SmartBear Software ($410M)
SmartBear Software, a Somerville-based provider of software quality tools, was sold to Francisco Partners in May by Insight Venture Partners. According to Xconomy, the enterprise value of the deal was $410 million.
8. Exa Corporation ($400M)
Exa Corporation, a Burlington-based provider of simulation software for product engineering, announced in September that it would be acquired by Dassault Systèmes for a deal valued at roughly $400 million. The company was previously publicly traded.
9. EnerNOC ($300M)
EnerNOC, a Boston-based provider of energy intelligence software, announced in June that it reached an agreement to be acquired for over $300M by Enel Group, an Italian multinational energy company. The company was previously publicly traded.
10. ZoomInfo ($240M)
ZoomInfo, a 17-year-old provider of business contact data based in Waltham, was acquired for $240 million in cash by Boston-based private equity firm Great Hill Partners. ZoomInfo's past investors included Venrock and Flagship Pioneering.
