Tech Company M&A Transactions
UPEK Acquisition
Based in Emeryville, UPEK was acquired by AuthenTec. The acquisition price was $32 million.
Transaction Overview
Company Name
Acquired By
Announced On
9/7/2010
Transaction Type
M&A
Amount
$32,040,000
M&A Terms
Under the terms of the transaction, UPEK's shares will be exchanged for approximately 5.9 million shares of AuthenTec's common stock and a convertible promissory note in the aggregate principal amount of $21.6 million that will be satisfied by either the issuance of approximately 8.0 million additional shares of AuthenTec common stock or the repayment of the principal amount of the note by March 1, 2011, subject to a one-time extension of up to 60 days.
Company Information
Company Status
Acquired or Merged
Industry
Electronics
Mailing Address
5900 Christie Ave.
Emeryville, CA 94608
USA
Emeryville, CA 94608
USA
Phone
Website
Email Address
Not Recorded
Overview
UPEK, Inc. is a privately-held biometric fingerprint solutions company launched as a venture-backed spin-off from STMicroelectronics in 2004.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alan Kramer
Vice President
Robert Blau
VP - Engineering
Robert H. Bond
VP - Sales
Patrick Bouju
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