Tech Company M&A Transactions
I-TECH Acquisition
Based in Eden Prairie, I-TECH was acquired by Finisar. Purchase price was estimated to be $12.1 million.
Transaction Overview
Company Name
Acquired By
Announced On
4/7/2005
Transaction Type
M&A
Amount
$12,100,000
M&A Terms
Finisar Corporation (NASDAQ: FNSR), announced today that it had entered into a definitive agreement to acquire I-TECH Corp., Under the Agreement, Finisar will purchase all outstanding shares of I-TECH for approximately $12.1 million and, after the payment of transaction costs and expenses, will assume a cash balance of approximately $800,000.
Company Information
Company Status
Acquired or Merged
Industry
Networking
Mailing Address
10300 Valley View Rd
Eden Prairie, MN 55344
USA
Eden Prairie, MN 55344
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
Finisar expects the acquisition to have a positive impact on its financial results prior to certain non-recurring costs associated with relocating the operations of I-TECH and the amortization of any purchased developed technology included in the acquired assets.
Profile
Social Media
Company News
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Steve Bucher
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Where The Data Comes From
We do our best to document every notable VC transaction. VC investment data records reported here are derived from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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