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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Thu., Aug. 25, 7:25 AM

Slide #2. Essig Research Inc. SofTech's Product Lifecycle Management Technologies

Acquirer: Essig Research Inc.
Acquiree: SofTech's Product Lifecycle Management Technologies
Details: SofTech (OTCQB:SOFT) today announced that it has agreed to sell its Product Lifecycle Management ("PLM") technologies, including it ProductCenter and Connector product lines, to Essig Research Inc. ("Essig") in exchange for $3.25 million plus contingent payments based on revenue in the two years immediately following the closing of the transaction. The closing of this asset sale, which is subject to the approval of SofTech's shareholders and other customary closing conditions, is expected to occur by October 2016. The transaction is not subject to any financing condition.

  Both companies are privately held or listed on a foreign exchange.

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August 25, 2016    7:25 AM Eastern
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Buy (3.00 out of 4)
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