Brio To Acquire Sqribe



Business intelligence software maker Brio Technology Inc.said yesterday it will buy Sqribe Technologies, a provider ofenterprise portal software, for about $270 million.

The companies, which have worked together in partnershipssince 1997, said they will integrate their product lines.Upon the closing of the transaction, former Brio shareholderswill hold approximately 55% of the combined company, withformer Sqribe shareholders holding approximately 45%, thecompanies said.

Brio had revenue of $40.5 million for calendar year 1998,while Sqribe had revenue of $39.2 million for the sameperiod.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Email This  | 
Print  | 
RSS
More Insights
Copyright © 2021 UBM Electronics, A UBM company, All rights reserved. Privacy Policy | Terms of Service