Any eight figure exit achieved by a company that announced a $53.7 million Series B financing on March 7, 2000 is impressive. The lucky investors at that time were Cisco, Ariba, Morgan Stanley Dean Witter Private Equity and Pivotal Asset Management.

First round investors Crosspoint Venture Partners and Softbank Venture Capital, which has since been renamed Mobius Venture Capital, also participated in that monster round. Comergent's software and services help companies manage pricing, ordering, distribution and other steps in the sales and production cycle.

I can't dig up the total amount Comergent raised over the course of its eight-year life, but it looks like Crosspoint, Mobius and Invesco injected an additional $18.8 million into Comergent last year. Smart move because that money probably allowed the company to continue to the point it got to yesterday when Comergent said AT&T is buying it for $155 million.

At that price, the deal might actually yield a positive return to Crosspoint, Mobius and Invesco. However, later stage investors who got in at what must have been a sizable valuation in 2000 probably have less to talk about. Overall, though, considering the timing of the original investment and the fact that Comergent made it this far, the exit isn't too bad.

For more on Comergent's sale, see:
The Deal
AT&T press release

Tags: comergent, comergent+technologies, m&a, at&t, vc, venture capital