Online procurement company Simplexis to be acquired

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 acquiring company, Baltimore-based PublicBuy.Net, confirmed reports of the buy-out.

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