The team behind an employee performance monitoring service, Sapience, is not new to IT or start-ups. From their first company Frontier Software that was acquired by Veritas to their second venture in-Reality that was acquired by Symphony Services, they have had a record of successful takeovers following a full-scale company. Sapience, however, started as a product with no intention of evolving into a company. Last week, Sapience saw its investor Indian Angel Network (IAN) exit to make way for Credit Suisse-backed NEXT taking over the reins. Greg Grimaldi, portfolio manager, NEXT ...
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