Pegasystems Acquires Chordiant Software for $161,500,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9ff20d0d-4e55-4b9d-b61d-747c6e494e01&Preview=1
Date
3/16/2010
Company Name
Chordiant Software
Mailing Address
20400 Stevens Creek Blvd Cupertino, CA 95014
Company Description
Chordiant Software, and its Foundation and Cx Solutions, arms marketing, customer service and customer loyalty executives with a suite of predictive and adaptive decisioning applications to deliver an order of magnitude improvement in customer experience.
Website
http://www.chordiant.com
Transaction Type
M&A
Transaction Amount
$161,500,000
Transaction Round
Proceeds Purposes
M&A Terms
Pegasystems, a maker of business process management software, announced it will acquire Chordiant Software for about $161.5 million. The company will pay $5 a share for all outstanding shares of Cupertino,