Versata Buys Everest Software

Austin-based Versata has acquired Everest Software, a developer of business operations software for small and mid-sized companies. Financial terms of the buy were not disclosed. Everest will become a standalone entity under Versata after the buy, the firms said, with a dedicated customer service and product team. Everest Software was backed by Updata Venture Partners, Sierra Ventures, Boulder Ventures, and Actis Capital LLP.