Vendio, an online sales management company, itself is a privately held. Founded in 1999, it chomped through $37 million, and its original investors, including Sequoia Capital were essentially washed out when the company was forced to take more money in 2002 from Lighthouse Capital Partners and MVC Capital.
It isn’t clear whether Andale’s investors made money on this transaction.
Andale has raised at least $64 million from investors such as Accel Partners, Mohr Davidow Ventures and Oak Hill Venture Partners.
(This story was first posted 11/22)