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Verticalnet with acquisition
Filed in archive Venture Capital by tj on February 3, 2004
What is the easiest way to Double your sales? You buy someone with the same revenues as you have. Verticalnet just did that and bought the Tigris Corp. (no, no it's not an Iraqi company).

"For Verticalnet, of Malvern, Pa., the acquisition is expected to double its 2004 revenue and triple its customer base. The combined company will operate under the Verticalnet name.

There will be no layoffs and the combined company now has about 120 employees (60 from each firm), a Verticalnet spokesman said. "
The Ariba fever spreads....

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Tags: verticalnet  acquisition  entrepreneurship  technology  2003  venture+capital  please+enter  next+deal 
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Vote for Verticalnet with acquisition:

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Rating: 6.00 out of 2 vote(s) cast.
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