As announced on October 16, 2013, TigerLogic Corporation TIGR signed a definitive agreement to divest its Multidimensional Database Management Systems ("MDMS") business to Rocket Software, Inc. ("Rocket Software") for gross proceeds of approximately $22 million in cash. The sale is expected to close within the fourth calendar quarter of 2013, and is subject to satisfaction of customary closing conditions.
To clarify, the MDMS assets being divested include D3, mvBase, mvEnterprise and the Pick connectivity products.
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in