Tech Company M&A Transactions
ComnetiX Acquisition
ComnetiX, based in Oakville ON, was purchased by KZO Innovations. Financial terms set the valuation at $17.8 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/22/2007
Transaction Type
M&A
Amount
$17,800,000
M&A Terms
L-1 Identity Solutions Inc. has closed its acquisition of ComnetiX Inc. for a total price of $17.83 million, a price significantly higher than its original bid last November.
The final price of $1.17 per share reflected a 43 percent rise from the 82 cents-per-share price L-1 officials first announced.
Company Information
Company Status
Acquired or Merged
Industry
Security
Mailing Address
2872 Bristol Circle 100
Oakville ON, L6H 6G4
Canada
Oakville ON, L6H 6G4
Canada
Phone
Website
Email Address
Not Recorded
Overview
Comnetix provides all aspects of system solution delivery, including software applications, systems architecture design, hardware procurement, custom-coded interfaces and databases, turn-key installation, end-user (or training-the-trainer) customer training, and automated software upgrades.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Edward Escubedo
Browse more venture capital transactions:
Prev: 2/22/2007: Revance Therapeutics venture capital transaction
Next: 2/22/2007: Narad Networks venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on funding rounds that are announced publicly. All VC database entries reported here are derived from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs