CMGI, Inc. Acquires Open Channel Solutions for $24,500,000
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Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f5716980-a57a-4d6e-b442-f8f9155b00e6&Preview=1
Date 2/20/2008
Company Name Open Channel Solutions
Mailing Address Three Allied Drive Dedham, MA 02026
Company Description OCS provides solutions that manage entitlements for software licenses, maintenance and support subscriptions, hardware features and rights-managed content. OCS’ solutions, including its Poetic™ software product.
M&A Terms The all cash transaction values OCS at $24.5 million, is subject to customary closing conditions and is expected to close during CMGI’s fiscal third quarter. CMGI will pay a net purchase price of $11.0 million due to a minority interest in OCS and the repayment of debt it currently holds.