Silicon Valley’s airline: XOJET takes off as corporate jets lose favor
When the chief executives of the Big Three automakers went to Washington, D.C. with tin cups in hand asking for a $25 billion government bailout, they triggered public outrage when it was revealed they’d flown in on luxury private jets. With shareholder and taxpayer frustration growing, companies are starting to see corporate jets as a liability.
That’s where Silicon Valley’s XOJET airline comes in. The San Carlos, Calif.-based airline provides a kind of private jet time… Continue Reading
Ariba buys supply chain management software co., Procuri for $93M
Software company Ariba, of Sunnyvale, Calif., has agreed to acquire Procuri Inc, an Atlanta provider of supply management software, for $93 million in cash and stock.
Ariba will also pay off $8 million of Procuri’s debt.
Procuri had raised about $30 million from Advent International, Insight Venture Partners and other investors.