Software
Enterprise software bigwig PeopleSoft (PSFT) announced the acquisition of private software company SkillsVillage.
PeopleSoft paid $33 million in stock and cash for the Sunnyvale, Calif.-based SkillsVillage, which makes software to automate the hiring of contract employees. Privately held SkillsVillage brought in $10 million in revenue last year, according to PeopleSoft CEO Craig Conway, who said the acquired company was cash-strapped. Conway said the acquisition came during the dramatic revaluations of private software companies, which are now being offered up at a fraction of their year-ago prices. "For a company with $1.1 billion in the bank, $33 million is not bad for another software company," Conway said.TheStreet Premium Services
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