Thursday, February 5, 2015

E2open Acquired By Insight Venture Partners

Foster City-based E2open, the developer of open trading and EDI software, said Thursday that Insight Venture Partners has agreed to acquire the company for approximately $273M. Insight will pay $8.60 per share in cash for E2open, which E2oen says is a 41 percent premium of the company's closing stock price as of February 4th. E2open was advised by BofA Merrill Lynch and Wilson Sonsini Goodrich & Rosati in the deal; Insight Ventures was advised by Willkie Farr & Gallagher LLP.