SumTotal's Shareholders Support Vista's Deal
July 23, 2009- Share:
Vista Equity Partners has received support from 99% of SumTotal System's shareholders for its $159.7 million buyout of the company. With the approval of the shareholders, in what turned out to be a grueling four-month duel for the company between Accel-KKR and Vista, Vista has finally closed its acquisition of the company. SumTotal is a developer of learning, performance and talent development software solutions.
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