Tech Company M&A Transactions
Emblaze VCON Acquisition
Emblaze VCON, operating out of Ra'anana, was bought by Ki-Bi Mobile Technologies. Ki-Bi Mobile Technologies said the transaction price was $10.8 million.
Transaction Overview
Company Name
Acquired By
Announced On
7/13/2006
Transaction Type
M&A
Amount
$10,800,000
M&A Terms
Emblaze VCON was merged into Ki-Bi Mobile Technologies, a company whose shares were admitted to the AIM market in May 2005, and which was, until recently, a developer and seller of physical mobile content distribution systems. Ki-Bi decided to enter into the field of video over-IP conferencing solutions and approved a reverse merger whereby it issued shares of Ki-Bi to Emblaze VCON, reflecting a value of $10.8 million for Emblaze VCON. There was no cash consideration paid as part of the merger. Instead, Ordinary Shares were issued to the shareholders of Emblaze VCON Ltd.
Company Information
Company Status
Acquired or Merged
Industry
Digital Media & VR & AR
Mailing Address
22 Zarhin Street
Ra'anana, 43662
Israel
Ra'anana, 43662
Israel
Phone
Website
Email Address
Overview
EMBLAZE VCON LTD., recently created from the merger of Emblaze Systems and VCON , is a leading provider of wireless video communications technologies and conferencing solutions for operators and enterprise markets over IP networks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Tal Barnoach
Chief Operating Officer
Shai Toren
VP - Finance
David Amir
VP - R & D
Tsur Arieli
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