PTC Acquires 4CS, Goby Picked Up by TeleNav, Punchbowl Nabs Funding, & More Boston-Area Deals News

It may be a short week around here, but New England has already seen a crop of acquisitions in the Web, enterprise software, and cleantech spaces, along with some startup financing news.

—Despite announcing deep cuts to its global R&D operation earlier this year, Pfizer signed a 10-year lease with MIT for more than 180,000 square feet in a new building under construction in Cambridge, MA’s Kendall Square. The space makes room for another 400 Pfizer (NYSE: [[ticker:PFE]]) employees and is expected to be complete by fourth quarter 2013.

—Wind Power Holdings, the Barre, VT-based parent company of wind turbine developer Northern Power Systems, inked a $10.1 million Series C investment. In January of this year, the company raised $12.7 million in equity-based funding.

—Framingham, MA-based online party planning platform Punchbowl raised $578,500 in equity financing from 14 investors. The SEC document reporting the fund raise reveals that Punchbowl has dropped Software from its name.

—Waltham, MA-based Harvest Power, a waste-to-energy cleantech startup, acquired Delaware-based soil and mulch manufacturer Coastal Supply for an undisclosed sum.

Goby, the Boston-based travel and local search startup that’s been focusing more on mobile applications lately, was acquired for an undisclosed sum by Sunnyvale, CA-based location services firm TeleNav (NASDAQ: [[ticker:TNAV]]). Goby has raised about $7.5 million from investors such as Kepha Partners and Flybridge Capital Partners.

—PTC, a Needham, MA-based product development software firm, announced its acquisition of 4CS, an Illinois-based maker of technology for warranty and service management. PTC (NASDAQ: [[ticker:PMTC]]) did not reveal how much it paid for 4CS, but said the acquisition is expected to be neutral to its GAAP and non-GAAP financial results in fiscal years 2011 and 2012.

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.