America's Growth Capital is pleased to announce that its client, SiteScape, Inc. (SiteScape), a Maynard, MA-based developer of collaboration software, has been acquired by one of its key go-to-market partners, Novell, Inc. (Nasdaq: NOVL), a developer of infrastructure software for Open Enterprise. The melding of the two firms creates the industry's clear leader in open, enterprise-strength collaboration and social networking offerings. With a team led by Fred Joseph, America's acted as sole financial advisor to SiteScape.
The AGC team did an exceptional job keeping what was a very complicated transaction on the rails. They stepped up and did whatever needed to be done to get the deal closed in what was a very tight simultaneous sign and close schedule. The transaction exceeded the initial expectations of the board and the management team, and I feel confident that we would not be able to say that had not AGC used its relationships to open doors, position the company and negotiate as well as it did.