SOA Software Sells Services Unit

SOA Software Inc., a Los Angeles-based provider of SOA and Web services management, security and governance solutions, has sold its services business to India-based Zensar Technologies Ltd. for $24.9 million in cash. SOA has raised over $40 million in VC funding since 1998, from firms like Draper Fisher Jurvetson, Redpoint Ventures, Mellon Ventures, Paladin Capital Group, Goldman Sachs and Palisades Ventures.