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Local Tech Wire

CARY, N.C. – Desktop automation and integration software firm (OTCBB: CICN) is acquiring Georgia-based SOAdesk in a deal worth at least $2.5 million.

SOAdesk provides customer interaction management solutions.

To help finance the deal, Cicero raised some $1.35 million in a preferred stock offering.

Cicero plans to offer a new suite of products, called Cicero XM, that will include technology from both companies.

SOAdesk shareholders could receive additional compensation if some earn-out goals are met.

"This acquisition combines our expertise in surface integration with SOAdesk’s United Desktop technology, enabling us to provide our customers and partners with the tools and solutions they need to deliver exceptional customer interactions while leveraging an enterprise’s existing technology assets and data,” Cicero Chief Executive John Broderick said in a statement.

Three executives at SOAdesk will join Cicero. Tony Castagno, the former CEO, is now chief technology officer. Jim Hunt, the former CTO, is head of product development for the combined company. Mark Garner, the founder of SOAdesk and its president, is now the top sales executive.