Benchmark Capital and a handful of other venture capital firms enjoyed a rare exit Monday with CA Inc.'s [
CA] announcement that it would
acquire Orchestria Inc., a startup that provides data loss prevention technology.
Besides Benchmark, the eight-year old startup received backing from Doughty Hanson Technology Ventures, Constellation Ventures, Paladin Capital Group, RRE Ventures, Focus Ventures, Goldman Sachs, New York City Investment Fund and CrossBridge Venture Partners. Paladin led a $21 milion fourth round for Orchestria in 2005.
The startup, which employs 125 people, develops technology that ensures employees comply with regulatory and compnany policies associated with electronic communications.
CA didn't disclose a purchase price, but it's safe to assume the company got a good deal for the startup; we'd be surprised if Orchestria's investors saw much of a return on their investment, if the deal followed current trends.
-- Olaf de Senerpont DomisSee Jan. 5 press release from CA
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