Transaction Network Services Acquires Cequint for $112,500,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=62f5eaa4-25e1-4b14-b580-35ef678aca43&Preview=1
Date
9/8/2010
Company Name
Cequint
Mailing Address
1525 4th Avenue Seattle, WA 98101
Company Description
Cequint develops and markets software applications that enhance wireless mobile devices. Cequint’s products improve carrier network services while making mobile devices easier to use and more productive. The company’s partnerships with carriers and device manufacturers ensure high quality end-to-end solutions.
Website
http://www.cequint.com
Transaction Type
M&A
Transaction Amount
$112,500,000
Transaction Round
Proceeds Purposes
M&A Terms
TNS will purchase Cequint for an initial $46.7 million cash payment, and approximately $3.3 million in stock issued to its executives, with the potential for an additional $62.5 million in cash contingent upon the achievement of future performance-based targets.