Xconomy Boston

EXFO Acquires Brix Networks for $28,500,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b9292b3c-98dc-45ac-a0b0-afd97a2872f9&Preview=1
Date
4/2/2008
Company Name
Brix Networks
Mailing Address
285 Mill Road Chelmsford, MA 01824
Company Description
Brix Networks is the trusted provider of real-time performance management and service assurance solutions that allow carriers, service providers, cable companies, large enterprises, and government agencies to build, operate, and assure their VoIP networks and services.
Website
http://www.brixnet.com/
Transaction Type
M&A
Transaction Amount
$28,500,000
Transaction Round
Proceeds Purposes
M&A Terms
The $28.5 million cash purchase price includes an earn-out provision, meaning the purchase price could reach as much as $37.5 million if certain financial targets are met.