Halogen Software acquired
Posted Feb 23, 2017 04:28:18 PM.
This article is more than 5 years old.
OTTAWA — It’s a big payday for an Ottawa-based tech company; Halogen Software has agreed to be acquired by a California company for just under $300 million.
The buyer is Saba Software, which is backed by a private equity firm. The offer is $12.50 a share, a 22% premium to yesterday’s closing price but more than 50% higher than in January when Halogen indicated it might be for sale.
Halogen makes software for human resources departments. It has corporate clients around the world.
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