CMGI, Inc. Acquires Open Channel Solutions for $24,500,000

  • Feed Type
  • Date
    2/20/2008
  • Company Name
    Open Channel Solutions
  • Mailing Address
    Three Allied Drive Dedham, MA 02026
  • Company Description
    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.
  • Website
    '>http://www.ocs.com/
  • Transaction Type
    M&A
  • Transaction Amount
    $24,500,000
  • Transaction Round
  • Proceeds Purposes
  • 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.

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