IBM ACQUIRES XTIFY

Wayne Kimmel is excited to report that his fund, SeventySix Capital, sold another portfolio company. Last week, IBM acquired Xtify.

This is the third successful exit from his current fund. IBM joins the list of notable acquirers of Kimmel’s portfolio companies that have included ARAMARK, Intel and Walgreens.

For more information on this transaction, please see IBM’s official press release below.

IBM PRESS RELEASE


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