Scribe Software pens deal

Scribe Software Corporation, a provider of data migration and integration software technology for CRM and ERP systems, today announced that the company has been acquired by The Mustang Group and “key members of the Scribe management team.” Investment firms / involved interests Edison Venture Fund and Borealis Ventures sold their share of the company as part of this transaction.

Existing senior management will reportedly remain in their current positions, with future expansion of the team expected as the company continues to experience growth in the market.

Founded in 1996, Scribe Software is a privately held corporation headquartered in Bedford, N.H. and was founded in 1996.

The Mustang Group, LLC is a Boston-based private equity firm founded in 2003 that invests in middle-market companies throughout North America. Among Mustang investments are The Vermont Teddy Bear Company and Cascade Lacrosse. One blue ribbon attained by the group was the bestowal from Buyouts Magazine (Criminy, there’s a publication for everything) of the 2006 Public-To-Private Deal of the Year Award for their US $47 million snag of Vermont Teddy Bear. Awwww, isn’t that cute?