Wednesday, May 21, 2008

Versata Buys ETI

Austin, Texas-based enterprise software firm Versata Enterprises has acquired yet another company, saying earlier this week that it has purchased Evolutionary Technologies International. Financial terms of the acquisition were not disclosed. Evolutionary Technologies international will become part of Versata's Business Automation Business Unit. Versata said that ETI's operations will be consolidated into its Austin headquarters, although the firm will operate as a stand-alone corporation within its group of software businesses. ETI is also based in Austin.