TMCnet News
Consortium of investors sells Allurent to JenzabarJan 11, 2011 (Datamonitor Financial Deals Tracker via COMTEX) -- A consortium of investors has sold Allurent, Inc., a provider of Allurent on Demand SaaS (Software as a Service) platform, to Jenzabar, Inc., a provider of Internet enterprise software, e-learning solutions and services. All the entities are based in the US. The consortium includes a private equity firm Polaris Venture Partners and GSI Commerce, Inc., a provider of e-commerce and interactive marketing services. Deal Type Private Equity Sub-Category Exit Deal Status Completed: 2011-01-10 Deal Participants Target (Company) Allurent, Inc. Acquirer (Company) Jenzabar, Inc. Vendor (Company) GSI Commerce, Inc. Deal Rationale By integrating Allurent's technology with the Jenzabar suite of products and supporting investment in the next generation of Allurent solutions, Jenzabar will enable its customers to realize even greater levels of success. |