Authoria Acquired by Bedford Funding

Wade Roush9/29/08

Authoria, a Waltham, MA company that makes software used in employee recruiting and retention, said Monday that it will be bought by White Plains, NY-based private equity firm Bedford Funding for $63.1 million. Bedford has also agreed to put $8 million in working capital into the company.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @