New York-based Insight Venture Partners’ offer to buy software maker Diligent for $941 million has reignited debate about why so many local tech companies are sold to offshore buyers
Shoeshine can clearly remember the day back in December 2007 when a young NBR journalist called Sarah McDonald came in with a story about a company about to float on the stock exchange.
“Shareholders are definitely in a weaker position under this takeover," says fund manager.
But CEO Brian Stafford says he is not worried about the investor reaction.
Special feature audio: Find out why Diligent isn't worried about today's market reaction