Avalign Technologies: Private equity firm acquires Phoenix software group

A global private equity firm will acquire a Phoenix-based software maker in one of the first M&A deals of the new year. San Francisco-based Vector Capital has agreed to terms with Aspect Software, the two companies announced Wednesday. Aspect, which provides customer engagement software, has its corporate headquarters in the Biltmore area of Phoenix on Camelback Road. Specific financial terms of the deal are unclear, but part of the agreement calls for Vector to make a more than $100 million equity...