Netsuite buys professional services automation company OpenAir for $26M
Netsuite, the online business management software company, said it has acquired Boston’s OpenAir for $26 million in cash. OpenAire offers customers a way to manage professional services, including billable time and project management.
The acquisition of OpenAir, which will become Netsuite’s East Coast office, includes $5 million of restricted stock held by OpenAir employees that will continue to vest through mid-2010.
OpenAir had raised at least $16 million, from investors including Fidelity Capital, 3i, i-Hatch Ventures… Continue Reading