Intraspect sold to Vignette

Via Due Diligence

“Enterprise collaboration and groupware company Intraspect Software has been sold to public company Vignette for $20m in cash and stock.”

Tim Oren has a nice quote about the space Introspect served too…

“This one’s a cautionary tale not only on the late-90’s investing boom/bust (Intraspect’s history covers nearly the whole saga), but on the long selling cycles and difficulty of extracting revenue from businesses for software of this type. Social Software advocates and investors take note.”