Avalon Leads $3M Nanigans Deal, M/A-COM Seeks IPO, Bluesocket Bought by ADTRAN, & More Boston-Area Deals News

IT companies dominated New England deals this week, with word of acquisitions, financings, and potential IPOs.

—M/A-COM Technology Solutions, a Lowell, MA-based wireless chip maker, said in an SEC filing that it hopes to raise up to $230 million in an initial public offering. The firm is now owned by semiconductor-focused private equity fund Gaas Labs.

—TechStars Boston 2011 alum Kinvey, a mobile software developer, took in $2 million in seed funding, led by Atlas Venture. The financing also included Avalon Ventures, and Boston angel investors Chris Lynch, Mike Baker, Jennifer Lum, Ty Danco, and Joe Caruso.

—Waltham, MA-based Tantaline, a developer of corrosion-resistant surface alloys for use in the oil and gas, chemical processing, energy, pharmaceuticals, and mining industries, said it snagged a $3.6 million Series B investment. The money came from Harvard, MA-based Berwind Private Equity, and Danish firms Vaekstfonden and CC Holdings.

—My colleague Greg rounded up news about a couple of Boston-area VC firms that are raising money: Kepha Partners and General Catalyst Partners.

—Burlington, MA-based IT virtualization firm DynamicOps wrapped up $5 million in equity-based funding, an SEC filing showed.

—Lumenpulse, LED lighting fixtures manufacturer with U.S. headquarters in Boston, nabbed $16 million in a mixed Series A offering of equity and debt. The funding comes from a group of investors including the company’s management and board, and Silicon Valley Bank.

—Burlington-based Bluesocket was acquired by wireless and communications equipment-maker ADTRAN (NASDAQ: [[ticker:ADTN]]) for an undisclosed sum. Bluesocket, a maker of wireless networking and security products, will be rolled into ADTRAN’s enterprise networks unit.

—Avalon Ventures led a $3 million Series A financing for Boston-based Nanigans, a provider of a real-time bidding advertising platform for Facebook. The deal also included some Boston-area angel investors.

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.