Tech Company M&A Transactions
Open Channel Solutions Acquisition
Open Channel Solutions, based in Dedham, was acquired by ModusLink Global Solutions. The transaction price was $24.5 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/20/2008
Transaction Type
M&A
Amount
$24,500,000
M&A Terms
The all cash transaction values OCS at $24.5 million, is subject to customary closing conditions and is expected to close during CMGI's fiscal third quarter. CMGI will pay a net purchase price of $11.0 million due to a minority interest in OCS and the repayment of debt it currently holds.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
Three Allied Drive 303
Dedham, MA 02026
USA
Dedham, MA 02026
USA
Phone
Website
Email Address
Not Recorded
Overview
OCS provides solutions that manage entitlements for software licenses, maintenance and support subscriptions, hardware features and rights-managed content. OCS' solutions, including its Poetic software product.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ed Rose
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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