Local tech scene is getting quite a jolt from recent megadeals

Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

The local technology community has been waiting desperately for a day like July 31.

That Thursday morning, Oracle Corp. announced it would buy TOA Technologies — a Beachwood software company that easily could have fetched $500 million, according to two outsiders familiar with the industry.

And that afternoon, a South Carolina 3D printing company called 3D Systems said it would pay $120 million for Simbionix, a surgery simulation company based in Cleveland.

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Originally published August 10, 2014.