Update: according to GigaOm, Netvibes has been sold for $26 Million.
This morning Dassault Systèmes announced the acquisition of age-old tech company Netvibes for an undisclosed amount. Dassault stated that the Netvibes acquisition will help enhance their 3D experience platform, which will now be able to aggregate enterprise data, use social intellgience to update in realtime, and all the other fancy Netvies capabilities.
It was time to put her down
While it is always good to see French tech companies acquiring, and to see French companies get acquired, this acquisition seems much more like putting a wounded animal down. While Netvibes boasts many Fortune 500 brands as customers, its flair and reputation as an innovative French company have long since been forgotten. Founder Tariq Krim has long since left the company to do a round two on his hope to conquer the social web with Jolicloud, and the undisclosed amount in the purchase probably suggests a significantly lower ROI than investors, who put it $16 Million over the course of the past eight years, would have hoped for.
You can catch the TC Europe article, which also contains the press release here.
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