Wednesday, July 22, 2009

It's all over but the crying - SumTotal now a private company

Well, after all the drama, SumTotal is now a private company firmly in the hands of Vista Equity Partners. Vista wasted no time in removing CEO Arun Chandra and replacing him with Barabara Stinnett, formerly of i2, HP and others, but notably as President, not CEO. I don't know if this distinction is noteworthy or not, or could portend another move. It will be interesting to see what happens. So, let's say "goodbye" to SumTotal's abysmal run as a public company and let the lovely Shirley Manson have the final word today.