Tech Company M&A Transactions
Movaris Acquisition
Movaris, operating out of San Jose, was acquired by Trintech Group plc. Financial terms set the valuation at $8 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/14/2008
Transaction Type
M&A
Amount
$8,000,000
M&A Terms
The consideration for the acquisition will be satisfied through the payment of $5 million cash and the issuing of 1.25 million Trintech American Depositary Shares (ADSs), or at the option of Movaris shareholders the cash equivalent value of such ADSs, plus a potential contingent payment in early 2010 based on the trading price of our ADSs prior to such date.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
2033 Gateway Place 300
San Jose, CA 95110
USA
San Jose, CA 95110
USA
Phone
Website
Email Address
Not Recorded
Overview
Movaris is an enterprise software company dedicated to helping organizations achieve complete compliance with Sarbanes-Oxley requirements, and to improving their financial control environments, quickly and cost-effectively.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Eric Keller
Chief Technical Officer
Steve Yankovich
Vice President
Robin Baker
VP - Bus. Development
Chris Abate
VP - Engineering
Rajesh Bhatia
VP - Finance
Theresa Clark
VP - Marketing
Joe Nicholson
VP - Sales
Greg Brush
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