The acquirer whose extortion-by-letter evaporated after one phone call
This is Jonathan Hare's account, with its provenance shown. The person or organization named has not yet claimed or corrected it.
Ceridian acquired Tesseract for $52 million in the deal Val Vaden orchestrated — and later, when five key Tesseract employees quit to join Evolve, sent what Jonathan Hare's account calls an extortion attempt disguised as a cease-and-desist letter, despite having waived his non-solicitation and non-compete provisions. The bluff met the Cornerstone war story — the $90 million verdict and the implied covenant of good faith — and Ceridian dropped the topic without another call. The full account, profanity preserved.
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A mainframe company turned client-server, and sold for a 500% year
Open →the sale orchestrated byHarvard then Stanford, Tesseract, Benchmark — and a game of chicken with a city bus
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