OpenAir Acquired by NetSuite for $26M

NetSuite, a Silicon Valley business software firm, has signed a deal to buy Boston-based OpenAir for some $26 million, plus $5 million in restricted stock units at closing. OpenAir provides Web-based services automation software for business groups.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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