Tech Company M&A Transactions
Tacit Networks Acquisition
On 5/9/2006, Tacit Networks was acquired by Packeteer. The transaction price was $78 million.
Transaction Overview
Company Name
Acquired By
Announced On
5/9/2006
Transaction Type
M&A
Amount
$78,000,000
M&A Terms
Packeteer (Nasdaq: PKTR), today announced that it has signed a definitive agreement to acquire privately held Tacit Networks of South Plainfield, New Jersey. Under terms of the definitive agreement, Packeteer will acquire Tacit Networks for approximately $78 million in cash, plus the assumption of vested and unvested Tacit stock options which will be exercisable for an aggregate of approximately 300,000 shares of Packeteer Common Stock.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
4081 Hadley Rd G
South Plainfield, NJ 07080
USA
South Plainfield, NJ 07080
USA
Phone
Website
Email Address
Not Recorded
Overview
Tacit Networks is the world's leading provider of WAN Optimization technology for Wide Area File Services (WAFS) and other Branch Office IT solutions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Greg Grodhaus
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Prev: 5/8/2006: The Insitu Group venture capital transaction
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