Bridgewater has M&A plans for IPO dough

Policy management software vendor Bridgewater Systems held an initial public offering last week that was viewed as a slight disappointment by some observers, with its stock price mostly down from its opening at $5.50. Still, Bridgewater probably isn't too disappointed, since it is $20 million richer for the effort. Now, the company is looking at using some of the money it raised to fund expansion through mergers and acquisition.

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