Seattle Startups Sparq and Scout Acquired; Scout’s Board Sued
The Seattle Times announced Wednesday that “San Franciscans came to Seattle for a football game and left with a couple of startups.”
First, the online marketing startup Sparq was acquired by Yahoo and Sparq said it will discontinue its services. The terms of the deal were not disclosed, but given that Sparq had raised only $1.7 million so far in several small financing rounds, the deal was relatively inexpensive for Yahoo.
Then, the same day, it was announced that San Francisco based revenue management company ServiceSource acquired Seattle area cloud-based analytics company Scout for $32 million in cash. Scout’s celebration of the deal is likely subdued as last week a group of Series A...