Tech Company M&A Transactions

ITS Acquisition

ITS was bought by Qik. The transaction was announced on 4/17/2007. Qik said the transaction price was $90 million.

Transaction Overview

Company Name

ITS

Acquired By

Qik

Announced On

4/17/2007

Transaction Type

M&A

Amount

$90,000,000

M&A Terms

The purchase price consisted of an initial cash consideration of $80 million with an additional deferred payment of $10M that is subject to the successful award of projected contracts in 2007.

Company Information

Company Status

Acquired or Merged

Industry

Enterprise IT

Mailing Address

4100 N. Fairfax Drive 800
Arlington, VA 22203
USA

Phone

(703) 741-0300

Website

www.itscorporation.com

Email Address

Not Recorded

Overview

ITS Corporation is an ISO 9001:2000 registered international company, provides award-winning IT and engineering solutions to the U.S. military; intelligence and homeland security agencies; and other agencies of the federal government.

Profile

Social Media

Company News

Facebook

YouTube

Management Team

Title

Name

Email & Social

Chief Executive Officer

Thomas Sundling

Browse more venture capital transactions:

Prev: 4/17/2007: Avega Systems venture capital transaction
Next: 4/17/2007: Shocking Technologies venture capital transaction

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