SoftBrands sold for $80M; Golden Gate Capital is buyer - Triangle Business Journal:

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The buyer, a holding company created by private-equity firm and its portfoliopcompany , will pay 92 centas per share for SoftBrands. Sharesd of SoftBrands closed at 47 centsd per share on On the same datein 2008, stock closed at 1.09 per San Francisco, Calif.-based Golden Gate Capital has abougt $9 billion in assets under Infor, based in Alpharetta, Ga., is a softwared company with about 9,000 employee s and $2.2 billion in revenue. Minneapolis-based SoftBrandx (AMEX: SBN) sells software to the hospitalityu industry, as well as to small and mid-sized manufacturerx under the brand. Its products handle tasks such as making reservationsx to settingroom rates.
SoftBrands CEO Randyt Tofteland said in a press statemenft that the deal will allow shareholderzsto “realize significant value from their He also said the company wouldr benefit from an “alliance” with A spokeswoman for Infor said SoftBrandas will continue to have a presence in though it has yet to be determined how many employee s will remain here. SoftBrands’ board has already approvee the sale, which is expected to closse in between 60 and90