Divestiture • Information Technology

Wi-Lan Acquires Wave Systems - Patent Portfolio

On October 13, 2017, Wi-Lan acquired information technology company Wave Systems - Patent Portfolio from Wave Systems

Acquisition Context
  • This is Wi-Lan’s 2nd transaction in the Information Technology sector.
  • This is Wi-Lan’s 4th transaction in Canada.
  • This is Wi-Lan’s 3rd transaction in Ontario.

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M&A Deal Summary

Date October 13, 2017
Target Wave Systems - Patent Portfolio
Sector Information Technology
Buyer(s) Wi-Lan
Sellers(s) Wave Systems
Deal Type Divestiture

Target Company

Wave Systems - Patent Portfolio

Ottawa, Ontario, Canada
Wave Systems Corp. - Patent Portfolio includes improvements to securing data for storage devices, such as self-encrypting drives.
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Buyer Overview 1

Buyer

Wi-Lan

Ottawa, Ontario, Canada

Category Company
Founded 1992
Sector Information Technology
Employees66
Revenue 98M USD (2014)
DESCRIPTION

Wi-Lan, Inc. is a developer of patented technologies, which are used in products in the communications and consumer electronics markets. The Company was founded in 1992 and is based in Ottawa, Canada.


Deal Context for Buyer #
Overall 10 of 11
Sector: Information Technology 2 of 3
Type: Divestiture 5 of 6
State: Ontario 3 of 3
Country: Canada 4 of 4
Year: 2017 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 VIZIYA

Hamilton, Ontario, Canada

VIZIYA Corp. is a provider of bolt-on software products to enhance ERP-based asset maintenance systems, delivering seamless integration, and improving every stage of the maintenance process. VIZIYA was formed in 2007 and is headquartered in Hamilton, Ontario, with offices in Houston, Atlanta, Greenville, Newport Beach, Madrid, Frankfurt, Pretoria, Cape Town, Brisbane, and Perth.

Buy $41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 IBM - Patent Portfolio

Armonk, New York, United States

IBM's Patent Portfolio relate to semiconductor manufacturing process technologies.

Buy -

Seller Profile 1

SELLER

Wave Systems

Lee, Massachusetts, United States

Category Company
Founded 1988
Sector Software
Employees147
Revenue 16M USD (2014)
DESCRIPTION

Wave Systems Corp. is a provider of client and server software for hardware-based digital security. Wave Systems was founded in 1988 and is based in Lee, Massachusetts.


Deal Context for Seller #
Overall 2 of 2
Sector: Information Technology 1 of 1
Type: Divestiture 2 of 2
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Safend

Tel Aviv, Israel

Safend Ltd. is a provider of endpoint data loss protection solutions.

Sell -