• by Joe Mandese  @mp_joemandese, November 7, 2013

SQAD, which began life in the 1970s as a local TV and radio pricing database called Spot Quotations And Data, must’ve gotten the right price, because it announced its sale Tuesday to private equity firm Clarion Capital Partners. The price was not disclosed.

While terms of the sales were not released, the companies said SQAD Founder Neil Klar has retained an ownership stake and will remain CEO of SQAD.

In related news, the company said it hired Stephen Baker as CFO.