FiveRuns, a startup that had raised nine million dollars from Austin Ventures, by WorkThink. FiveRuns was a provider service products around Ruby on Rails. Major products include TuneUp and Dash. WorkThink, according to my looking and TweetCrunch, WorkThink has yet to launch. Their website claims that they are working on getting to launch.
Odd that FiveRuns was acquired by a company that has yet to launch.
We do not have details on the terms of the deal at the moment, but when we do, we will update this post with more. It is always nice to see M/A movement in the market, especially after the announcement of yesterdays NewEgg IPO. Things are moving again folks, get ready.
