Vector Capital to acquire Lumesse Inc, from HgCapital.

HgCapital Trust, private equity firm, has agreed the sale of Lumesse, a provider of strategic HR software to medium and large sized enterprises, to Saba Software Inc., a global leader in talent development solutions, and a portfolio company of Vector Capital, a leading global technology private equity firm based in San Francisco. The terms of the transaction were not disclosed. "The addition of Lumesse's talent technology and expertise will enable us to fill a critical and unmet market need, extend and accelerate the delivery of a 'best in suite' talent experience more rapidly across the globe, and create more value for our customers, faster." said Phil Saunders, President and CEO of Saba.