Author: JT Smith
Internet.com: “Online data storage firm OTG Software, Inc.
(NASDAQ:OTGS) has acquired UniTree Software, Inc., a
provider of UNIX and Linux-based data storage and
database storage management solutions, for
approximately $20 million. Under the terms of the deal,
OTG will pay $6 million in cash with the balance in
common stock and promissory notes. The acquisition is
expected to be neutral to combined financial statements
in 2001, and “nominally” accretive to the combined
financial statements by the end of 2002.”
(NASDAQ:OTGS) has acquired UniTree Software, Inc., a
provider of UNIX and Linux-based data storage and
database storage management solutions, for
approximately $20 million. Under the terms of the deal,
OTG will pay $6 million in cash with the balance in
common stock and promissory notes. The acquisition is
expected to be neutral to combined financial statements
in 2001, and “nominally” accretive to the combined
financial statements by the end of 2002.”
Category:
- Open Source
