Tech Company M&A Transactions
OpenAir Acquisition
OpenAir, operating out of Boston, was purchased by NetSuite. Deal value was $26 million.
Transaction Overview
Company Name
Acquired By
Announced On
6/2/2008
Transaction Type
M&A
Amount
$26,000,000
M&A Terms
NetSuite has agreed to pay approximately $26 million in cash, net of cash on the balance sheet of OpenAir. In addition, at closing NetSuite will assume approximately $5 million of restricted stock units that will be held by the employees of OpenAir and which will continue to vest through mid-2010.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
211 Congress St. 8th Floor
Boston, MA 02110
USA
Boston, MA 02110
USA
Phone
Website
Email Address
Overview
OpenAir is a leading provider of Software-as-a-Service (SaaS) services automation management software. Offering both Professional Services Automation (PSA) and Project Portfolio Management (PPM) solutions, OpenAir provides project-based organizations and firms the tools they need to help grow their businesses quickly and profitably.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Morris Panner
Chief Financial Officer
Tom Brennan
Chief Technical Officer
Geoffrey Crawshaw
VP - Client Services
Brian Martin
VP - Sales
Edward Marshall
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We do our best to document every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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