SoftSol's Acquisition of Ivon Inc.
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Code : FCF0018
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Region : USA
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SS Background SS was an American information technology company, headquartered in California. SS was founded in the year 1950 by two brothers Bill Paul and David Harmison in California with an initial capital investment of $560. SS was incorporated On August 25, 1961 and went public on November 16, 1971. SS had specializations in the development and manufacturing of computing, data storage, networking hardware, and designing software. At the same time, they also manufactured and delivered a wide range of printers. In the 80s, the company introduced printers (both inkjet and laser )... Details of the Deal The shareholders of Ivon agreed to sell the firm to SS for $1.2 billion. SS had made commitment to invest in the business of Ivon's technology and also hinted ambitious plans that would go beyond smartphones. Adam Campbell, chairman and chief executive officer, Ivon said that they were thrilled by SS's vote of confidence in Ivon's technological leadership, which delivered Ivon NetOS and iconic products such as the Ivon Pre. SS's longstanding culture of innovation, scale and global operating resources made it the perfect partner to rapidly accelerate the growth of NetOS. He also stressed that they would look forward to working with SS to continue to deliver industry-leading mobile experiences to their customers and business partners."... |
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