Thursday, February 7, 2008

Nice win for a local company

This morning it is reported that Madison based Sway, best known for its flagship Web tool product, Shoutlet, has been acquired for $30 million. Sway is a privately held company with around $2 million in revenues and employees 13 people.

Its great to see a Wisconsin based company makes moves in the internet space (dare I say Web 2.0 space?) and the 15x multiple is something to note as well. Nice job!

I guess lightning does strike outside of Silicon Valley. ;-)

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