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Investment group mulls buying Xchange

Published on .

Boston--Customer relationship management software provider Xchange Inc., formerly Exchange Applications, said Friday it received an acquisition offer from an investment group. The group, led by existing Xchange investor Insight Venture Partners, said it would be interested in acquiring the company's outstanding common stock and taking the company private. No agreements have been signed, and Xchange's board of directors formed a special independent committee to evaluate Insight's offer.
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