Accrue Software, Inc. announced that it has completed the divestiture of certain product lines to Pilot Software Acquisition Corp. (Pilot Software), a new company recently formed by members of the Pilot management team and institutional investors who are not affiliated with Accrue.
Jonathan D. Becher, interim president and CEO of Accrue, said, "This transaction is part of our previously announced strategy of strengthening our balance sheet, reducing expenses not related to our core business and increasing the company's focus on Accrue G2, our highly scalable Internet analytics solution."
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