Exit watch, July 2, 2007

Quest pays $90M for ScriptLogic

Quest Software Inc. (Nasdaq: QSFT) has agreed to buy ScriptLogic Corp., a Boca Raton, Fla.–based provider of systems lifecycle management solutions for Windows-based networks. The deal is valued at $90 million in cash. ScriptLogic raised $8 million from Insight Venture Partners in 2003.

TravelClick acquires Blue Square

TravelClick Inc.

, a Schaumburg, Ill.-based provider of hotel e-marketing solutions, has acquired Blue Square Studios, a Phoenix–based provider of Internet business solutions for the hospitality industry. No financial terms were disclosed. TravelClick has raised more than $25 million from such firms as Bain Capital Ventures.

Boston Scientific to buy Remon Medical

Boston Scientific Corp. (NYSE: BSX) has agreed to acquire Remon Medical Technologies Inc., a Caesarea, Israel-based developer of communication technology for medical device applications. No financial terms were disclosed for the deal, which is expected to close later this summer. Remon entered into a co-development agreement in 2004 with Guidant Corp., which was later acquired by Boston Scientific. Remon had raised about $46 million in total VC funding, from such firms as Polaris Venture Partners, Concord Ventures, Lilly Ventures, KBL Healthcare Ventures, Medical Venture Partners, Triathalon Medical Ventures and the Ofer Hi-Tech Group.

SiRF buys Cebtrality for $283M

SiRF Technology Holdings Inc.

(Nasdaq: SIRF) has agreed to acquire Centrality Communications Inc., a Redwood City, Calif.-based developer of navigation processor solutions for mobile navigation devices. The deal is valued at $283 million in cash and stock. Centrality has raised nearly $46 million in VC funding since 2001 from such firms as Enspire, Focus Ventures, Harbinger Venture Management, iD SoftCapital, Menlo Ventures, VentureTech Alliance and Walden International.

Comverge scoops up Enerwise

Comverge Inc.

(Nasdaq: COMV) has agreed to acquire Enerwise Global Technologies, a Kennett Square, Pa.-based provider of managed energy services to commercial and industrial customers. The deal is valued at $75.7 million, including $25.15 million in cash, $17 million in subordinated convertible notes and about $33.6 million worth of Comverge common stock. Enerwise has raised about $20 million in VC funding since 2001 from such firms as EnerTech Capital Partners, Hydro-Quebec CapiTech, Endeavor Capital Management and Exelon Capital Partners.