Exit watch, week of May 12, 2008

Taleo acquires VurvTaleo Corp. (Nasdaq: TLEO) has agreed to acquire Vurv Technology Inc., a Jacksonville, Fla.-based provider of HR management software. The deal is valued at about $128.8 million, including $36.5 million in cash, 4.1 million shares of Taleo Class A common stock and the assumption of up to $9 million in debt. Vurv has raised more than $33 million in VC funding since 2003 from QuestMark Partners, Tudor Ventures and Montagu Newhall Associates.

Softbank buys stake in Oak
Softbank Corp. has agreed to acquire a 35% stake in Oak Pacific Interactive, a China-based operator of Web 2.0 sites, such as social networking site Xiaonei.com. The entire deal is valued at $430 million, with Softbank to initially acquire 14% and build up to 35% by the end of next year. Oak Pacific had previously raised $58 million over two rounds of funding from Accel Partners, DCM, General Atlantic, Legend Capital and Technology Crossover Ventures.

Versata scoops up Clear
Versata Enterprises Inc., an Austin, Texas.-based enterprise software company, has acquired Clear Technology Inc., a Westminster, Colo.-based provider of business process automation solutions for the financial services and insurance industries. No financial terms were disclosed. Clear Technologies has raised more than $13 million in VC funding since 2004 from such firms as Sycamore Ventures, BV-Cornerstone Ventures, Grayhawk Venture Partners and Shoreline Venture Management.

Autodesk buys two in France
Autodesk Inc. (Nasdaq: ADSK) has completed its acquisition of Kynogon SA, a Paris-based maker of artificial intelligence middleware. No financial terms were disclosed. Kynogen had raised an undisclosed amount of VC funding from Innovacom and CapDecisif. In addition, Autodesk has acquired Realviz SA, a French developer of image-based content creation software. No financial terms were disclosed. Realviz had raised VC funding from Intel Capital, Eurazeo, MVI Sverige, HPI Holding SA, Edmond de Rothschild Investment Partners and Solaris Asset Management.