CDC Software Corp. to acquire Truition Inc.
The news just hit the wire that NASDAQ-listed CDC Software Corporation (Q:CDCS) has announced that it has completed a definitive agreement to acquire Truition Inc., a Wellington Financial Fund III portfolio company that is also backed by our friends at JLA Ventures and VG Capital Partners.
CDC Software wants to position themselves “at the forefront in the enterprise market with its ability to offer an end-to-end supply chain execution solution – from raw materials to the end consumer.” Congrats to JLA, VG, the management team and the Truition board. A nice outcome for all.
Once it closes, this deal will represent Wellington’s third M&A exit so far this year.
MRM
Congratulations to your team — and to Truition’s.