Tech Company M&A Transactions
Raddon Financial Group Acquisition
Raddon Financial Group, based in Lombard, was acquired by Open Solutions. Open Solutions disclosed that the acquisition price was $27.5 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/9/2006
Transaction Type
M&A
Amount
$27,500,000
M&A Terms
Under the terms of the agreement, Open Solutions acquired RFG for $27.5 million in cash with the potential for a $5.5 million earn out. RFG is now a division of Open Solutions reporting to the company's professional services group and will continue to operate as a separate business unit, the two companies reported.
Company Information
Company Status
Acquired or Merged
Industry
FinTech
Mailing Address
701 East 22nd Street 400
Lombard, IL 60148
USA
Lombard, IL 60148
USA
Phone
Website
Email Address
Not Recorded
Overview
Raddon Financial Group (RFG), we arm financial industry decision-makers with objective data gained through our innovative research techniques and unique database resources.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Robert Lawhead
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