Argonaut Acquires Software Company.
San Carlos San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. , CA and Indianapolis, IN 1/31/01--Argonaut Technologies has acquired Camile Products LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , a chemical software company, for approximately $10 million in cash and stock. David Binkley, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Argonaut, stated that the acquisition would help his company expand its presence into the later stages of drug development and address a broader range of process chemistry applications. Camile will become a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Argonaut.
As a result of this acquisition, Argonaut's chemical synthesis instruments will benefit from Camile's scalable software platform. In addition, by gaining access to this chemistry software, Argonaut has acquired a valuable product for future development.