M&A Deal Summary

Cincinnati Bell Technology Solutions Acquires Virtual Blocks

On February 2, 2009, Cincinnati Bell Technology Solutions acquired technology hardware company Virtual Blocks from Commerx Computer Systems

Acquisition Highlights
  • This is Cincinnati Bell Technology Solutions’ 1st transaction in the Technology Hardware sector.
  • This is Cincinnati Bell Technology Solutions’ 1st transaction in Canada.
  • This is Cincinnati Bell Technology Solutions’ 1st transaction in Ontario.

M&A Deal Summary

Date 2009-02-02
Target Virtual Blocks
Sector Technology Hardware
Buyer(s) Cincinnati Bell Technology Solutions
Sellers(s) Commerx Computer Systems
Deal Type Divestiture

Target

Virtual Blocks

Mississauga, Ontario, Canada
Virtual Blocks, Inc., is a software developer dedicated to building solutions for the virtualization market. Their products include the Virtual Server Grid (VSG) for Service Providers and Large IT organizations and the Virtual In-a-Box Environment (VIBE) for SMB customers and remote Enterprise branches.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Cincinnati Bell Technology Solutions

Cincinnati, Ohio, United States

Category Company
Founded 1994
Sector Information Technology
DESCRIPTION

Cincinnati Bell Technology Solutions Inc., combines the data networking capabilities of Cincinnati Bell with next-generation managed services that provide companies with flexible solutions for end-to-end IT deployment.


DEAL STATS #
Overall 1 of 3
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2009) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-14 Cintech

Mason, Ohio, United States

Cintech LLC, is a developer and provider IP-based voice and data communications services including notification, response, and interaction scheduling.

Buy -

Seller(S) 1

SELLER

Commerx Computer Systems

Mississauga, Ontario, Canada

Category Company
Founded 1984
Sector Information Technology
DESCRIPTION

Commerx Computer Systems, Inc., designing and implementing high-value IT solutions to boost your organization’s efficiency and profitability. Our three-pronged IT strategy – Virtualize, Consolidate & Optimize – delivers business agility, minimizes total cost of ownership (TCO) and reduces risk.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2009) 1 of 1