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Solid tech IPOs bode well for local companies

Two tech companies made strong Wall Street debuts today, another positive sign for Triangle businesses hoping to pull off their own IPOs.

SS&C Technologies, a Connecticut software company, and Meru Networks, a California maker of Wi-Fi equipment, saw their shares rise today after selling stock through initial public offerings.

That bodes well for companies such as Lulu, the Raleigh-based online book publisher, which is preparing for an IPO in Canada, and Cary-based SciQuest, which filed plans for a U.S. IPO last week.

Motricity, a wireless company that moved its headquarters to the West Coast from Durham, also has filed IPO plans. That company still has offices in Durham and employs about 100 people locally.

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