Tuesday, September 12, 2006

Mr. Softy is Comin' to Town

The E-Coast Insider Reports... As I noted in this space a few months ago, a local software firm has indeed been bought out by a large -- OK, *the* large -- software firm, yes, Microsoft itself. The local entity is/was DesktopStandard, a 30-something person outfit up Islington St. The deal is signed (but not finalized, hence no official announcement yet) and a dozen or so programmer/developer types are already relocated to Redmond. According to my source, the remainder of the company will reform into a smaller firm, selling the one product in their suite that Microsoft didn't buy. I note this as the 2nd time in the past few months that a whale-sized tech company has snapped up a tiny fish from our eCoast -- recall Cisco bought Meetinghouse for $30 million a while back. It's a ringing endorsement for the eCoast as a whole when world-class companies put up the cash for enterprising local firms. Redmond's gain is Portsmouth's loss; congratulations to the founders and the employees of DesktopStandard!

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