Battery Ventures has struck a deal to buy Highjump Software, a developer of supply-chain software, from 3M, the companies said Friday.

Terms of the deal for the $85 million company were not disclosed.

Battery, a Boston-based venture capital and private equity firm, plans to set up Highjump, which has about 350 employees, as a standalone company.

Lemuel Amen, vice president and general manager, 3M’s track and trace solutions division, said the sale of Eden Prairie, Minnesota-based Highjump is part of a corporate strategy shift.

"3M’s track and trace business is refining its approach to providing comprehensive track and trace solutions for high-value assets and people that deliver customer value through asset utilization, safety and security," he said. "Therefore, we believe HighJump will have more opportunity to maximize its potential with Battery Ventures."

Dave Tabors was the lead general partner in the latest software deal for Battery Ventures, an investor in data-center automation firm BladeLogic, which had an $85 million initial public offering in July before being acquired by BMC Software for about $800 million in March.