Tech Company M&A Transactions
BeVocal Acquisition
BeVocal, based in Mountain View, was bought by Nuance Communications. Deal value was $140 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/22/2007
Transaction Type
M&A
Amount
$140,000,000
M&A Terms
Under the terms of the agreement, total consideration is approximately $140 million, net of BeVocal's cash and using yesterday's closing price of Nuance stock at $14.98 per share. The consideration comprises approximately 8.3 million shares of Nuance common stock and a net cash payment of approximately $15 million, due at closing. Terms also include the potential for additional cash consideration of up to $60 million in the form of an earn-out, payable 18-months after closing and based on the business achieving performance targets.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
685 Clyde Ave.
Mountain View, CA 94043
USA
Mountain View, CA 94043
USA
Phone
Website
Email Address
Not Recorded
Overview
BeVocal is the leading provider of hosted application systems for customer self-service. BeVocal's automated next generation systems help our clients make the most of every self-service customer interaction--enabling them to reduce the costs of customer care, increase revenue and raise customer satisfaction.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mikael Berner
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