Tech Company M&A Transactions
Cloverleaf Communications Acquisition
On 1/6/2010, Cloverleaf Communications was acquired by Dot Hill Systems. Purchase price was estimated to be $12 million.
Transaction Overview
Company Name
Acquired By
Announced On
1/6/2010
Transaction Type
M&A
Amount
$12,000,000
M&A Terms
Under the terms of the agreement, Dot Hill will purchase the company for cash of $2.5 million plus approximately $9.5 million inshares of unregistered Dot Hill common stock based on the 30 day trailing average closing price of the common stock as ofDecember 31, 2009. Additional details of the transaction have been provided in the Current Report on Form 8-K filed today byDot Hill with the Securities and Exchange Commission.
Company Information
Company Status
Acquired or Merged
Industry
Storage
Mailing Address
3 Crossways Park Drive
Woodbury, NY 11797
USA
Woodbury, NY 11797
USA
Phone
Website
Email Address
Overview
Cloverleaf Communications develops data storage systems. The Cloverleaf iSN is an intelligent storage management network system that can work with multiple types of data storage and with computer servers running the Linux, UNIX, and Windows operating systems.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Richard Bauer
Chief Operating Officer
Joseph Klein
Chief Technical Officer
Elic Yavor
VP - Finance
Yossi Haas
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