Tech Company M&A Transactions
Nirvanix Acquisition
Nirvanix was bought by McAfee. The transaction occurred on 8/25/2003. McAfee said the transaction price was $85 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/25/2003
Transaction Type
M&A
Amount
$85,000,000
M&A Terms
McDATA has signed definitive agreements to acquire Nishan Systems. Under the terms of the acquisition agreements, McDATA will acquire all outstanding shares of Nishan Systems for $83 million in cash and will also assume approximately $2 million in debt.
Company Information
Company Status
Out of Business
Industry
Infrastructure
Mailing Address
9191 Towne Centre Drive 510
San Diego, CA 92122
USA
San Diego, CA 92122
USA
Phone
Website
Email Address
Overview
Incorporated in 2007, Nirvanix was founded by storage industry veterans to create a massively-scalable media storage and delivery network (SDN) for the Internet.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Debra Chrapaty
Chief Financial Officer
Major Horton
VP - Engineering
Dave Barr
VP - Operations
Randall Hollis
VP - Sales
Tina Gravel
Browse more venture capital transactions:
Prev: 8/25/2003: LSSi venture capital transaction
Next: 8/25/2003: Zilliant venture capital transaction
Share this article
About Our VC Transactions Data
We document every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs