State of the Art Deal
IRVINE — State of the Art, a maker of accounting software, said it has extended its strategic alliance with Seagate Software. Under a new licensing agreement, Seagate’s Crystal Reports software will be bundled with Irvine-based State of the Art’s entire product line.
Separately, an investor group including P.A.W. Capital Corp. cut its stake in the company to 4.4%. In a filing with the Securities and Exchange Commission, the group said it sold 153,000 common shares between May 31 and July 24 at prices ranging from $17.13 to $19.50 a share.
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