Convergys Buys VC-Backed Ceon Corp.

Convergys Corp. (NYSE: CVG) has acquired Ceon Corp., a Redwood City, Calif.-based provider of product lifecycle management and fulfillment software for communications service providers. No financial terms were disclosed. Ceon had raised over $125 million in VC funding since 1998, including a 2003 recap. Selling shareholders included Accel Partners, Needham Asset Management and Sutter Hill Ventures.

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