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    Tuesday, November 21, 2006

    Sterling Commerce Buys Comergent Technologies For $155M


    Sterling Commerce, an Ohio-based subsidiary of AT&T, announced Monday afternoon that it has agreed to acquired Redwood City-based Comergent Technologies in a $155M cash deal. Comergent develops business software used for supply chain management. Comergent includes Affinia, Husky, NEC, Symbol, DIRECTV, and others are customers. The firm is backed by Cisco, Crosspoint Ventures, INVESCO, Mobius Venture Capital, and Morgan Stanley.
    posted on Tuesday, November 21, 2006


    Related stories:
    > Sterling Commerce Completes Comergent Deal
    > Multiverse Raises $4.175M
    > Intuit Buys Homestead Technologies
    > EA Buys BioWare, Pandemic Studios
    > Rearden Commerce Buys Global Ground Automation

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