Redwood City, Calif. -- Emptoris, a Massachusetts-based developer of supply and contract management software with West Coast operations in Redwood City, said that it has landed a "significant" equity investment from El Segundo-based private equity firm Marlin Equity Partners. Specific financial terms were not disclosed. Marlin said that it now owns a majority stake in the company, and plans to retain its current management team, led by CEO Avner Schneur. [The deal] provides Emptoris with a strong financial partner and the capital resources needed to fund the company's long-term growth plans," said Schneur. Emptoris' clients include Boeing, ConocoPhillips, GlaxoSmithKline, Kraft and Motorola.
http://www.emptoris.com
http://www.marlinequity.com/
http://biz.yahoo.com/iw/090107/0464239.html
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