PE-backed Saba Software to acquire Halogen

Saba Software Inc, which is backed by Vector Capital, has agreed to acquire Ottawa, Ontario-based Halogen, a provider of cloud-based performance management solutions, for C$12.50 per share. The deal is expected to close in the second quarter of this year. Also, Michael Slaunwhite, co-founder and executive chairman of Halogen, will become chairman of the combined company.

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