Tech Company M&A Transactions

Vidus Limited Acquisition

Vidus Limited, based in Ipswich, was acquired by @Road. Purchase price was estimated to be $54.7 million.

Transaction Overview

Company Name
Acquired By
Announced On
2/22/2005
Transaction Type
M&A
Amount
$54,700,000
M&A Terms
@Road issued approximately 5.6 million shares, directly and indirectly pursuant to options to purchase shares of its common stock, and issued newly created interest-bearing redeemable preferred stock in face amount of approximately $10 million, and extinguished for cash existing debt of approximately $4.4 million in exchange for all of the outstanding shares of Vidus capital stock and all vested options to purchase shares of Vidus capital stock. In addition, approximately one year after completion, the total consideration is subject to an adjustment of not more than approximately $16 million based on the highest average closing price of @Road common stock over a specified period. The total of all consideration after taking into account the effect of the adjustment, if any, is capped at approximately $54.7 million excluding transaction fees.

Company Information

Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
48 Felaw Street
Ipswich, IP2 8HE
UK
Email Address
Not Recorded
Overview
Vidus was created to enable service providers to deliver high-quality service experience to their customers by providing a unified, up-to-the minute view across the field service resource network.
Profile
Vidus Limited LinkedIn Company Profile
Social Media
Vidus Limited Company Twitter Account
Company News
Vidus Limited News
Facebook
Vidus Limited on Facebook
YouTube
Vidus Limited on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Krish Panu
  Krish Panu LinkedIn Profile  Krish Panu Twitter Account  Krish Panu News  Krish Panu on Facebook


 

 

Browse more venture capital transactions:

Prev: 2/22/2005: ChoiceStream venture capital transaction
Next: 2/23/2005: Applied Spine Technologies venture capital transaction

 

Share this article

 


About Our Venture Capital Transactions Database

Our team works diligently to report on tech company VC transactions. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary