Battery Power Shakes Up Made2Manage
P.J. Jakovljevic - September 13, 2003

Event Summary

What seemed as a promising move of a small innovative public but hardly globally visible enterprise software provider in its bid for securing the future amid extensively reported ongoing takeover and makeover feats in the market seems to have unexpectedly turned in quite an opposite direction. To refresh our memory, what seemed as an honorable exit strategy from the public eye happened on June 5, when Made2Manage Systems Inc., a provider of broad enterprise business systems for small and mid-market manufacturers, announced a definitive agreement to be acquired by an affiliate of Battery Ventures VI, L.P. Battery Ventures, one of the leading venture capital firms focused on technology investments, which manages nearly $2 billion in committed capital and has a 20-year history in successfully making investments in software companies...