Tech Company M&A Transactions
Clearwell Systems Acquisition
On 5/19/2011, Clearwell Systems was purchased by Symantec. The parties disclosed the acquisition price to be $410 million.
Transaction Overview
Company Name
Acquired By
Announced On
5/19/2011
Transaction Type
M&A
Amount
$410,000,000
M&A Terms
Symantec will acquire Clearwell for a purchase price of approximately $390 million, net of Clearwell's existing cash balance of approximately $20 million. Symantec expects this transaction to be one-and-a-half cents dilutive to non-GAAP earnings per share in fiscal year 2012.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
441 Logue Ave.
Mountain View, CA 94043
USA
Mountain View, CA 94043
USA
Phone
Website
Email Address
Overview
Clearwell Systems is transforming the way enterprises discover, organize and analyze the information across their corporate email systems. Clearwell enables business and IT executives to lower discovery costs, reduce fines, grow revenue and improve customer satisfaction.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Aaref Hilaly
Chief Financial Officer
Anup Singh
Chief Technical Officer
Venkat Rangan
Vice President
Dean Gonsowski
VP - Bus. Development
Andy Byrne
VP - Engineering
Soumitro Tagore
VP - Marketing
Kamal Shah
VP - Sales
Trevor Eddy
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