Azaleos Acquired By Avanade

Azaleos, the Seattle-based provider of outsource, managed services for Microsoft's Exchange, SharePoint, and other software, has been acquired by Seattle-based managed services nad consulting firm Avanade, Avanade said Tuesday evening. Financial terms of the buy were not disclosed. Avanade said that all of Azaleos' 200 employees will be offered an opportunity at Avanade, which is majority owned by Accenture. Azaleos was venture backed by Ignition, Frontier Capital and Second Avenue Partners.