Tech Company M&A Transactions
Surebridge Acquisition
On 5/6/2004, Surebridge was acquired by NaviSite. NaviSite said the transaction price was $39.5 million.
Transaction Overview
Company Name
Acquired By
Announced On
5/6/2004
Transaction Type
M&A
Amount
$39,500,000
M&A Terms
Under the terms of the agreement, NaviSite will acquire the assets of Surebridge in exchange for two promissory notes in the aggregate principal amount of $39.5 million (subject to certain adjustments based on the financials of Surebridge at closing), 3 million shares of NaviSite common stock and the assumption of certain liabilities at closing. The closing of the acquisition is expected to occur later this month and is subject to the satisfaction of customary closing conditions.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
10 Maguire Rd
Lexington, MA 02421
USA
Lexington, MA 02421
USA
Phone
Website
Email Address
Not Recorded
Overview
Surebridge, the leading application outsourcer of On Demand Solutions for mid-market companies, delivers brand name application choice and affordable strategy, implementation, outsourcing and optimization services.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Peter Boni
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We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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