Pivotal Scooped Up

 
 
By eweek  |  Posted 2003-10-13 Print this article Print
 
 
 
 
 
 
 

CRM software developer Pivotal last week agreed to be acquired by a California venture capital firm for $48 million.

CRM software developer Pivotal last week agreed to be acquired by a California venture capital firm for $48 million.

Oak Investment Partners, which also owns Talisma, another customer relationship management provider, will pay $1.78 per share for all outstanding shares of Pivotal. Oak plans to merge Talisma with Pivotal under the Pivotal name. The combined company will employ about 700 and focus on midsize businesses.

The deal, which still needs the approval of Pivotal shareholders and the Supreme Court of British Columbia, is expected to be finalized in November or December, according to company officials.

 
 
 
 
 
 
 
 
 
 
 

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