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Ignition Gets Big Win As Salesforce.com Buys Heroku

Bellevue-based Ignition Partners has seen a big win in its investment portfolio today, as Salesforce.com announced it is buying Heroku, in a deal worth $212M in cash. Ignition was the lead investor in a Series B funding for Heroku in May. Heroku is the developer of an online platform for developing and deploying Ruby on Rails software. The firm had raised only $13M in funding so far in two rounds of funding; other investors are Baseline Ventures, Harrison Metal Capital, and Redpoint Ventures. Heroku is based in San Francisco.


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