Advent Sees 5x Return with Fizzback Deal

NICE Systems is paying $80 million to buy Fizzback, a maker of real time customer experience management software. The deal provides the fourth exit this year for Advent Venture Partners’ technology team, and a multiple of over 5X Advent’s investment. Advent backed Fizzback in late 2006 and was the company’s largest shareholder. The deal is expected to close during the autumn.

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