Tech Company M&A Transactions
Congruitive Acquisition
Headquartered in San Jose, Congruitive was acquired by Tantalus Systems. Financial terms set the valuation at $13 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/1/2022
Transaction Type
M&A
Amount
$13,000,000
M&A Terms
The purchase price is contingent on performance and comprises an $8 million payout at close (paid via cash, shares and the assumption of certain debts) and a $5 million earnout incentive.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
2375 Zanker Rd. Suite #200
San Jose, CA 95131
USA
San Jose, CA 95131
USA
Phone
Website
Email Address
Overview
Congruitive (formerly known as DC Systems) is a leading developer of Smart Grid software for utilities, grid operators, large energy users, and power generators. Founded in 1990, the company has pioneered solutions that provide powerful architectural advantages by combining distributed intelligence with centralized data management.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Douglass Campbell
Chief Executive Officer
Kenneth Munson
VP - Engineering
Ralph Spaulding
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Where The Data Comes From
We report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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