Top Image Systems Acquires eGistics for $18,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=280ddb1e-2374-4a8d-b37a-bde24a3384f9
Date
7/9/2014
Company Name
eGistics
Mailing Address
17304 Preston Road Dallas, TX 75252 USA
Company Description
eGistics is leading the change in how images and data are archived, managed and delivered.
Website
http://www.egisticsinc.com
Transaction Type
M&A
Transaction Amount
$18,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Under the terms of the agreement, TIS will pay for the acquisition 50% in cash and 50% in TIS shares. The acquisition, which is subject to customary closing conditions, is expected to close in Q3.