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Vista Equity continues to invest in SumTotal Systems
By Lisa Kerner
Charlotte, N.C., Oct. 23 - A group of SumTotal Systems, Inc. investors led by Vista Equity Partners Fund III, LP upped their stake to 12.6% from 11.4% with the purchase of 385,649 additional shares between Oct. 15 and Oct. 22.
The shares were priced from $4.0500 to $4.500 each, according to a schedule 13D/A filed with the Securities and Exchange Commission.
Between Sept. 5 and Oct. 13, the investors bought 75,665 shares for $3.26 to $4.90 each, a prior SEC filing said.
Vista Equity and its affiliates beneficially own 4,016,754 shares of the Mountain View, Calif.-based company.
SumTotal provides learning and business performance technologies and services.
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