Tech Company M&A Transactions
Covelight Systems Acquisition
On 4/30/2007, Covelight Systems was bought by Radware. Financial terms set the valuation at $16 million.
Transaction Overview
Company Name
Acquired By
Announced On
4/30/2007
Transaction Type
M&A
Amount
$16,000,000
M&A Terms
Israeli software firm Radware said Monday it has acquired venture-backed Covelight Systems in a cash transaction worth $16 million.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
6501 Weston Parkway 355
Cary, NC 27513
USA
Cary, NC 27513
USA
Phone
Website
Email Address
Not Recorded
Overview
Covelight was founded in 2003 and began marketing application security and fraud detection solutions to financial institutions. In late 2006, they developed Inflight which expanded the value of a pervasive, network-based monitoring solution by capturing all online user and business transactions, and feeding them, as real-time business events, to backend analytic solutions across the enterprise.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Spencer Sendecor
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