Tech Company M&A Transactions
Solvern Innovations Acquisition
Solvern Innovations, operating out of Baltimore, was acquired by TeleCommunication Systems. Deal terms were not released.
Transaction Overview
Company Name
Acquired By
Announced On
11/3/2009
Transaction Type
M&A
Amount
Unknown
M&A Terms
Solvern is expected to immediately boost earnings for TCS, which has already been having a banner year. Solvern is expected to bring in $7 million in revenue and $850,000 to $1 million in profit in the fourth quarter.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
5523 Research Park Drive 230
Baltimore, MD 21228
USA
Baltimore, MD 21228
USA
Phone
Website
Email Address
Overview
Solvern Innovations values the application of technical, operational, and managerial excellence to provide objective solutions to critical problems.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Operating Officer
Terry Craft
Founder
Andre Gudger
Vice President
Rodney Buie
Vice President
Sheron Gudger
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