Tech Company M&A Transactions
NeoScale Systems Acquisition
NeoScale Systems, based in Milpitas, was bought by nCipher plc. Deal value was $2 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/11/2007
Transaction Type
M&A
Amount
$1,950,000
M&A Terms
nCipher has agreed to acquire the transaction assets, which principally include intellectual property, software, stock of finished goods, production equipment and CRM information for a consideration of approximately US $1.95 million in cash from the Company's existing cash resources. nCipher is not taking on any liabilities of NeoScale. In addition, nCipher has recruited key members of the NeoScale team and plans to continue operations from the same Milpitas facility.
Company Information
Company Status
Acquired or Merged
Industry
Security
Mailing Address
1655 McCarthy Blvd
Milpitas, CA 95035
USA
Milpitas, CA 95035
USA
Phone
Website
Email Address
Not Recorded
Overview
NeoScale Systems, Inc. is the independent leader of storage security, providing transparent, wire-speed protection of storage data regardless of application, transport, media type, or location.
Profile
Social Media
Company News
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Barbara Nelson
Chief Financial Officer
Andrew Moley
VP - Bus. Development
James Yu
VP - Engineering
Doug MacKenzie
VP - Marketing
Dore Rosenblum
VP - Operations
Marty Di Pietro
VP - Operations
James Hanley
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Where The Data Comes From
Our team works diligently to document funding rounds that are announced publicly. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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