WebRasier Bought & Sold

WebRaiser Technologies, which makes software for kiosks, has been snapped up by Flextronics International Ltd. of Singapore.

No details are being released. But Mark Breunig, WebRaiser's senior VP and general counsel, confirms the sale and says a formal announcement is set for a trade show in April. "We don't want to tip our hand to competitors," he says of the company's taciturn stand.

He does note, however, that the sale is a "good exit" for investors.

About 15 employees work at the 10-year-old company, and all are being retained by Flextronics, which is making its second dip into the Sacramento startup market. In December, it purchased Roseville-based International DisplayWorks Inc. for $243 million.

Bob Shallit, Sacbee.com