Tech Company M&A Transactions
ITA Holdings Acquisition
Operating out of Saint-Priest Cedex, ITA Holdings was acquired by Axeda. The companies indicated that total deal value was $7 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/5/2005
Transaction Type
M&A
Amount
$7,000,000
M&A Terms
Axeda Corporation, the leading provider of device relationship management (DRM) software and services, today announced that it has completed its previously announced acquisition of the DRM business and related assets from ITA Holdings, Inc., formerly Axeda Systems, Inc. (OTC: XEDA.PK). Total consideration was $7 million plus the assumption of certain liabilities related to the DRM business. JMI Equity, a private equity firm focused on investments in the software and business services industries, provided the financing and working capital for the acquisition and ongoing operations of the new Axeda.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
12 alle Irne Joliot-Curie Parc Technologique de Lyon
Saint-Priest Cedex, F-69791
France
Saint-Priest Cedex, F-69791
France
Phone
Email Address
Not Recorded
Overview
Wizcon Systems, formerly Axeda Systems, is a wiz when it comes to industrial automation. The company has assisted manufacturing and service organizations in monitoring and managing industrial automation devices and processes globally since 1988.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Robert Russell
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