Glasgow software firm sold by French owner
Founders Iain and Sheena Graham sold their firm to Sword in 2008 in what is believed to have been an eight-figure deal, after which the company was renamed Ciboodle to match the name of its key piece of software.
Now Paris-listed Sword Group has sold the company on to California-based Kana, which lists Disney, Ford and Yahoo among its clients.
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Hide AdMike Hughes – chief executive at Ciboodle, which the Grahams founded in 1986 and which now counts Allied Irish Bank, ScottishPower and Vodafone among its clients – said that both companies “share a very similar culture”.
Hughes added that the takeover will fuel the pair’s “dominance in a wide array of markets including retail, communications, financial services, utilities and government”.