BUFFALO, N.Y., Dec. 14, 2010 (GLOBE NEWSWIRE) -- Rand Capital (Nasdaq:RAND) announced that two of its portfolio companies have been acquired by strategic partners. BMC Software (Nasdaq:BMC) recently acquired New York City database software company GridApp Systems, Inc., and Kellwood Company, a leading designer, manufacturer and marketer of premier fashion brands, has acquired New York City based clothing designer, ADAM. Rand held minority equity positions in both companies. Financial terms of the transactions were not disclosed.
-- Rand Capital Announces Sale Of Software Company, GridApp Systems, Inc. And Clothing Designer, ADAM
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