Battery Power Shakes Up Made2Manage
Part Two: Challenges and User Recommendations
P.J. Jakovljevic - September 15, 2003

Event Summary

On June 5, 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. Under the terms of the agreement, an affiliate of Battery Ventures acquired Made2Manage Systems for cash of roughly $30 million , which was at significant premium over the market price at the time of the announcement (i.e., a 36% premium)...