Micromuse Enters into Agreement to Acquire GuardedNet Inc.
SAN FRANCISCO - Micromuse Inc. (Nasdaq: MUSE), the leading provider of ultra-scalable, realtime business and service assurance software, announced today that it has entered into an agreement to acquire GuardedNet Inc., a privately-held software company based in Atlanta, Georgia, for $16.2 million in cash.
GuardedNet is a SIM player and has raised a total of $14 million. The $16.2 million barely covers the VC money.
Hum…seems like a fire sale? I wonder what happened.
>I wonder what happened.
A firesale indeed. A standard failure to execute…