Tech Company M&A Transactions
InfoSpherix Acquisition
On 6/27/2007, InfoSpherix was acquired by ACTIVE Network. ACTIVE Network said the transaction price was $17 million.
Transaction Overview
Company Name
Acquired By
Announced On
6/27/2007
Transaction Type
M&A
Amount
$17,000,000
M&A Terms
Spherix Incorporated (NASDAQ/SPEX) has signed the definitive agreement to sell the stock of its subsidiary, InfoSpherix Incorporated, to The Active Network Inc. Spherix will receive $17 million in an all cash transaction ($15 million at closing and $2 million following a 15-month escrow period).
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
12051 Indian Creek Court
Beltsville, MD 20705
USA
Beltsville, MD 20705
USA
Phone
Website
Email Address
Not Recorded
Overview
InfoSpherix contracts with government agencies to design, host and operate park reservation services and contact centers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Gilbert Levin
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