Thursday, March 25, 2010

Scripped Merges With Zhura

Scripped, the developer of online screenwriting software headed by Sunil Rajaraman, has merged with Zhura.com, another online provider of screenwriting software, the firms announced to their users today. Financial terms of the deal were not disclosed, although the firm said the merger is in the "seven-figure range." Zhura.com is based in Boston; Scripped was based in Los Angeles, but is moving to San Francisco to become part of a technology incubator called I/O ventures. As part of the merger, the firm said they have raised $250,000 in new funding, and added Break.com CEO Keith Richman to its board of advisors. Rajaraman remains CEO of the merged company.

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