Web-Service Firms Take Non-IPO Routes
For nearly a decade, companies have been touting “software as a service” — Web-based services that handle business tasks that once required installing software on computers. But a tough market for initial public offerings has start-ups in the field eyeing other ways to grow and raise money. Taleo Corp., which offers Web-based services for recruiting and assessing workers, has agreed to acquire a smaller rival, Vurv Technology Inc., for about $128.8 million, the companies announced Tuesday. Read more:
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