Tech Company M&A Transactions
Braun Consulting Acquisition
Headquartered in Minneapolis, Braun Consulting was acquired by FICO. FICO said the transaction price was $30 million.
Transaction Overview
Company Name
Acquired By
Announced On
9/21/2004
Transaction Type
M&A
Amount
$30,000,000
M&A Terms
Under the acquisition agreement, approved by both Boards of Directors, the stockholders of Braun Consulting will receive $2.34 in cash for each share of Braun. Steven Braun also has agreed to vote shares representing approximately 48 percent of Braun's outstanding stock in favor of the acquisition. The transaction is structured as a merger, whereby Braun will become a wholly-owned subsidiary of Fair Isaac. The net cash value of the transaction is approximately $30 million after assumption of the Braun balance sheet, based on Braun's approximate 17,227,000 shares of currently outstanding stock.
Company Information
Company Status
Acquired or Merged
Industry
Consulting
Mailing Address
901 Marquette Ave. 3200
Minneapolis, MN 55402
USA
Minneapolis, MN 55402
USA
Phone
Website
Email Address
Not Recorded
Overview
Braun Consulting, Inc. (NASDAQ: BRNC) is a professional services firm delivering customer-focused business solutions to Fortune 1000 and middle market companies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Steve Braun
Browse more venture capital transactions:
Prev: 9/20/2004: Ellacoya Networks venture capital transaction
Next: 9/21/2004: Cloudmark venture capital transaction
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