Tech Company M&A Transactions
Covergence Acquisition
Headquartered in Maynard, Covergence was acquired by Acme Packet. Purchase price was estimated to be $22.8 million.
Transaction Overview
Company Name
Acquired By
Announced On
4/30/2009
Transaction Type
M&A
Amount
$22,800,000
M&A Terms
Acme Packet, Inc. (NASDAQ:APKT), the leader in session border control solutions, today announced that it has acquired privately-held Covergence, Inc. for consideration valued at approximately $22.8 million, consisting of approximately $22.2 million of Acme Packet common stock and an aggregate of $0.6 million in cash payments to stockholders of Covergence and tax withholding payments.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
One Clock Tower Place Second Floor
Maynard, MA 01754
USA
Maynard, MA 01754
USA
Phone
Website
Email Address
Overview
Covergence is the leader in scaling, securing and controlling VoIP and other real-time services based on the Session Initiation Protocol (SIP).
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jim Moran
Chief Financial Officer
Greg Stott
Chief Technical Officer
Kenneth Kuenzel
Vice President
Paul Skinner
VP - Engineering
Gil Kaufman
VP - Marketing
Rod Hodgman
VP - Product Management
Jim Donovan
VP - Sales
Marty Falaro
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Where The Data Comes From
We report on every notable VC transaction. VC transactions reported here are derived from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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