Opsware Inc. (Nasdaq: OPSW) has agreed to acquire iConclude Co., a Bellevue, Wash.-based provider of IT process automation software. The deal is valued at around $53 million, including $30 million in cash and 3.39 million shares of Opsware common stock. In addition, iConclude's $7 million worth of existing cash will be distributed to stockholders at closing in the form of a dividend. iConclude had raised $12 million in VC funding since its 2005 inception, from firms like Cronus Ventures, Greylock Partners, Madrona Venture Group and Shasta Ventures. www.opsware.comwww.iconclude.com
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