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July 27, 2005 Vector Capital Gives BroadVision A Second Windby Tamara Mendelsohn with Carrie Johnson, Andrew Bartels, Sean Meyer |
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Executive Summary
Yesterday, BroadVision announced that it will be acquired by Vector Capital, a private equity firm, for $29 million, and that it will operate going forward as a privately held, independent software vendor. Following Blue Martini Software's acquisition by Golden Gate Capital earlier in 2005, this leaves ATG as the only prominent US commerce platform specialist vendor to have survived the bust as a publicly traded company and signifies the changing dynamics of the commerce platform market.
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