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  5. Comtech EF Data Acquires Verso Technologies - Network Backhaul Assets and Product Lines

M&A Deal Summary

Comtech EF Data Acquires Verso Technologies - Network Backhaul Assets and Product Lines

On July 21, 2008, Comtech EF Data acquired technology hardware company Verso Technologies - Network Backhaul Assets and Product Lines from Verso Technologies for 4M USD

Acquisition Highlights
  • This is Comtech EF Data’s 1st transaction in the Technology Hardware sector.
  • This is Comtech EF Data’s largest (disclosed) transaction.
  • This is Comtech EF Data’s 1st transaction in the United States.

M&A Deal Summary
Date 2008-07-21
Target Verso Technologies - Network Backhaul Assets and Product Lines
Sector Technology Hardware
Buyer(s) Comtech EF Data
Sellers(s) Verso Technologies
Deal Type Divestiture
Deal Value 4M USD

Target

Verso Technologies - Network Backhaul Assets and Product Lines

United States
Verso Technologies - Network Backhaul Assets and Product Lines provides products combine the functionality of a voice gateway and data routers, enabling enterprises to create digitally converged networks.

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Buyer(S) 1

Buyer

Comtech EF Data

Tempe, Arizona, United States
Category Company
Founded 2000
Sector Technology Hardware
DESCRIPTION

Comtech EF Data Corp. is a provider communication equipment.

DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Verso Technologies

Atlanta, Georgia, United States
Category Company
Founded 1983
Sector Communications
Employees314
DESCRIPTION

Verso Technologies, Inc. is a full service provider (FSP) of business technology solutions.

DEAL STATS #
Overall 1 of 2
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: United States M&A 1 of 2
Year: 2008 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-06 SentitO Networks

Acton, Massachusetts, United States

SentitO Networks, Inc. is a provider of voice gateway and signaling solutions for telecom service providers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-25 SentitO Networks

Acton, Massachusetts, United States

SentitO Networks, Inc. is a provider of voice gateway and signaling solutions for telecom service providers.

Sell -
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