Ann Arbor-based Fry Inc. purchased by Maryland firm
The keys of growing the local venture capital scene aren’t just about finding the right companies to grow but also the finding the right companies to buy them, as the recently sold Ann Arbor-based Fry demonstrates.
Ann Arbor’s Fry has been fished. The recently acquired e-commerce firm has been served up to a bigger company, but staying put.
Excerpt:
A Maryland-based company that makes software systems for the hospitality and retail industries has acquired Fry Inc., an Ann Arbor-based e-commerce development company, in a deal that could be worth up to $67 million. The acquisition by Micros Systems Inc. was effective Aug. 9.
Fry was founded in 1994 and run by David Fry, who will remain with new company as president. Fry is an e-commerce site design, development and management firm.
Read the rest of the story here.
Related Articles
Fewer options, fuller ERs: The behavioral health fallout of Medicaid cuts
The Michigan Health and Hospital Association is advocating for state funding that preserves behavioral health care and keeps rural hospitals open.
African-American cemetery in Ypsi Township will be surveyed to identify lost graves
Woodlawn Cemetery was deemed abandoned in 1965, but recent efforts have sought to clean it up and identify grave sites.
Jess Merritt brings “Torch Songs for Today” to Kerrytown Concert House
Singer-songwriter Jess Merritt found a sweet spot where she can fully express both her creative and analytical sides.
