Bob Shallit reports in his Sacramento Bee column today that:

WebRaiser Technologies, which makes software for kiosks, has been snapped up by Flextronics International Ltd. of Singapore.

No details are being released. But Mark Breunig, WebRaiser's senior VP and general counsel, confirms the sale and says a formal announcement is set for a trade show in April. "We don't want to tip our hand to competitors," he says of the company's taciturn stand.

He does note, however, that the sale is a "good exit" for investors.

About 15 employees work at the 10-year-old company, and all are being retained by Flextronics, which is making its second dip into the Sacramento startup market. In December, it purchased Roseville-based International DisplayWorks Inc. for $243 million.

WebRaiser had a deal with Home Depot to manage the propane kiosks outside the front of their stores. I always loved their technology. The problem is that it had such broad applications that trying to focus on a few markets was tough. With Flextronics' might and deep pockets, WebRaiser will have what it needs to really break out.

Reporting on all of these acquisitions is a dream come true for people who have believed for a long time that there is lots of talent waiting to break out here in Sacramento. As I reported last week in the post on the CoreLogic 'merger', events like this are great for Sacramento. They build confidence in entrepreneurs to start new companies; they build confidence in investors that investments in local deals can be lucrative, which provides funds for the entrepreneurs; they build confidence in acquirers that this region has good candidates for acquistion, and it spins off capital that investors and insiders can put back into more local deals. A wonderful momentum for which we have been striving for much too long.

Let's keep 'em coming.

Gillian Parrillo
The Sacramento Executive