System modernizer Relativity sells to Micro Focus for $9.7M
After a decade of struggle and decline, Relativity Technologies has sold to Micro Focus International for $9.7 million, a meager portion of the $25 million in venture backing it had raised from the likes of Intel Capital, Noro-Moseley Partners, Tall Oaks Capital Partners, Wachovia Strategic Ventures and the Wakefield Group.
Based in Raleigh, N.C., the company made software used to modernize old computer systems. It skyrocketed to glory during the late-90s dot-com boom, at one time… Continue Reading