Original Founders buy Salary.com back from IBM

Salary.comIt’s not something you hear often, but it makes you smile every time you do. A company, that was acquired for $80M in 2010, then sold to IBM is back in the founder’s hands five years later. The icing on the cake is that the founders are also in the process of bringing back the original twenty or so employees as they take the company to the next level, again:

“And in a cool twist, Salary.com is now going to get the band back together, so to speak. It says it’s in the process now of hiring back more than 20 of its original employees, to add to the 120 that worked for it under IBM in the U.S. and China.” (Source – Techcrunch)

Originally founded in 1999, Salary.com was an early .COM startup that IPO’d in 2007 and rose to become one of the most widely recognized data sources for employee pay and compensation details. Three years after the IPO it was acquired by a company called Kenexa which sold to IBM two years later for $1.3B in an all case deal – wowza!

Congrats to the founding team, it has to feel pretty magical to come back to the company you built over 15 years ago and lead it onto it’s next adventure. Looking forward to following along!

{ 2 comments… add one }

  • Kaveman January 8, 2016, 12:17 am

    1.3b in all case is a lot of beer sir…

    Reply
  • Tessa Holcomb January 8, 2016, 10:35 am

    Love this, Morgan! I especially like the part about the founders bringing back the original employees as they take the company to the next level! Can’t wait to see how it progresses.

    Reply

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