Cashing Out
A handful of Inc. 500 CEOs have sold their companies recently. And while private equity is all the rage, some opted for old-fashioned exit strategies: acquisitions and IPOs. One Inc. 500 company even acquired another. Among the deals:
SnapNames No. 471
Acquired by Oversee.net, No. 192
SnapNames CEO Sudhir Bhagwan says his company and Oversee.net can grow together. "When you go to a huge company, you kind of get lost," he says. "This gives us the best path to grow fast."
Limelight Networks No. 179
IPO in June, raising $205.5 million
Limelight (NASDAQ:LLNW) hired a new CEO and CFO last year, partly because they had experience leading public companies. All four founders are still with the company.
Logoworks No. 472
Acquired by Hewlett-Packard (NYSE:HPQ) in June
CEO Paul Brockbank will continue to run the business.
Right Media No. 43
Acquired by Yahoo in March
Yahoo (NASDAQ:YHOO) took a 20 percent stake last year, then bought the rest of the company in March for $680 million.
Digital Lifestyle Outfitters No. 41
Acquired by Philips Electronics (NASDAQ:PHG) in May
Founder Jeff Grady says he spent more than a year mulling whether to sell.
Glu Mobile (NASDAQ:GLUU) No. 44
Went public in March, raising $84 million
"We have the same challenges as any of the companies on the Inc. 500," says CEO Greg Ballard. "We're still small, and we're in a market that's only emerging."
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