Battery Ventures Buys 3M Unit

Schachter, Ken
May 2008
Red Herring;5/9/2008, p2
Trade Publication
The article reports that Battery Ventures, a venture capital and private equity firm in Boston, Massachusetts, has signed a deal to buy Highjump Software, a developer of supply-chain software in Eden Prairie, Minnesota, from 3M. It states that Battery plans to set up Highjump, which has about 350 employees, as a standalone company. According to Lemuel Amen, vice president and general manager of 3M's track and trace solutions division, the sale of Highjump is part of a corporate strategy shift.


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