Cary.

• Position: Triangle

CARY--Software company SciQuest acquired Chicago-based Spend Radar, a provider of Web-based spending-analysis software, for about $10 million. That amount could increase by as much as $6 million, depending on Spend Radar's revenue during the next five quarters.

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UNC Chapel Hill Chancellor Holden Thorp will step down, effective June 30. The decision comes as the university has been hit by scandals that include...