CMGI, Inc. Acquires Open Channel Solutions for $24,500,000
-
Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f5716980-a57a-4d6e-b442-f8f9155b00e6&Preview=1 -
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.
