The deal is expected to be announced June 1.
The developer of financial performance management software has now raised more than $36 million since 2000 from Battery, British Telecom, IBM Corp. and J&W Seligman & Co.
DecisionPoint is led by CEO Barton Foster who formerly served as entrepreneur-in-residence at Battery, helping the firm identify potential investments. Foster joined DecisionPoint 18 months ago and sales sales at the privately held company are up more than 60% over 2002 figures.
EzraPerlman and MarkSherman, both from Battery, serve on the board of DecisionPoint.