Bedford Funding Buys VC-backed Authoria

Bedford Funding has agreed to acquire Authoria Inc., a Waltham, Mass.-based provider of talent management solutions, for $63.1 million. Authoria had raised around $140 million in venture capital and debt funding since 1998, from firms like Menlo Ventures, Norwest Venture Partners, Austin Ventures, Van Wagoner Capital Management, CIBC Capital Partner, Horizon Technology Finance and Velocity Financial Group. This included a $22.5 million infusion last October.

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