The assets of Simplexis, a K-12 online purchasing company once chaired by former presidential candidate Lamar Alexander, are being acquired by an eProcurement company with no previous experience in the school field, eSchool News has learned.

A business document obtained from Simplexis by eSchool News says the firm is "closing its business."

The Simplexis web site is still running, but no one at the company returned this reporter's phone calls, and no company voice-mail system picked up.

Sources close to a pending transaction who wished

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