Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


PurchaseSoft cuts work force by half; seeks last-chance financing

Published on .

Westborough, Mass.--B-to-b procurement software developer PurchaseSoft Inc. has fired 25 employees, or half its work force. The company, whose clients include Toys ‘R’ Us Corp., is seeking last-chance financing to keep afloat. If it does not secure financing by Dec. 31 it will go out of business, according to a company press release.
Most Popular
In this article: