Private equity firm to buy Hewitt’s software unit


Private equity firm to buy Hewitt’s software unit

LINCOLNSHIRE, Ill.?Hewitt Associates Inc. is selling its Cyborg payroll and human resources software services unit to Vista Equity Partners L.L.C., a San Francisco-based private-equity firm. Hewitt paid $43 million in May 2003 to acquire Cyborg. The acquisition of Chicago-based Cyborg allowed...

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