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 66 days ago
 Source: finsmes.com

Aurea to Acquire BroadVision

Quick Summary

Aurea Software, Inc., an Austin, TX-based provider of cloud-based, enterprise-scale software for businesses to drive digital transformation, is to acquire BroadVision (Nasdaq: BVSN), a Redwood City, CA-based provider of complex document creation, management and collaboration tools. The addition of BroadVision to Aurea’s enterprise software library continues the company’s focus on strengthening its collaboration suite of offerings available under their Aurea Unlimited single subscription plan. BroadVision expects shareholders to receive at least $4.375 per share of BVSN common stock. On the plan effective date, all existing equity interests in BroadVision will be extinguished, and ESW will receive all shares of the reorganized company. Aurea, together with BroadVision, will plan a smooth transition for employees and customers that will begin upon completion of the potential acquisition.

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