Transactions
Feb. 8, 2000
Sterling Commerce Makes a Precious, XCelleNet Deal
Columbus, Ohio-based Sterling Commerce Inc., which provides services to Internet businesses, has sold its XcelleNet division to Silicon Valley-based Francisco Partners for about $40 million in cash and a $10 million buyer note.
Columbus, Ohio-based Sterling Commerce Inc., which provides services to Internet businesses, has sold its XcelleNet division to Silicon Valley-based Francisco Partners for about $40 million in cash and a $10 million buyer note.
Sterling formed a 1999 fiscal realignment plan involving the sale of XcelleNet, which the company decided is not an integral part of its e-commerc...
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