Battery Ventures Acquires Real-Time Business Segment of Concurrent Computer.
17 May 2017 - US-based technology-focused investment firm Battery Ventures has completed the acquisition of Concurrent Real-Time, a business segment of software and services company Concurrent Computer Corp. (NASDAQ: CCUR), the firm said.
Battery Ventures paid USD 35m for the business, according to Concurrent Computer.
The transaction creates a new, independent operating business named Concurrent Real-Time, Inc.
As part of the transaction, Battery General Partner Russell Fleischer and Battery vice president Jordan Welu will join Concurrent Real-Time's board.
Concurrent Real-Time produces real-time software and systems, meaning technology that powers applications or simulations with mission-critical performance requirements, including those serving industries such as aerospace, defense, automotive, energy and financial.
The company's product suite includes RedHawk, a real-time Linux operating system; NightStar, a set of development tools designed to aid developers in building better and faster real-time applications; and SIMulation Workbench, a real-time simulation application that runs on RedHawk and executes advanced, high-frame-rate, multiple model simulations.
Founded in 1983, Battery Ventures backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, Tel Aviv and London.
Concurrent Real-Time is a global software and solutions company that develops advanced server and embedded applications focused on mission critical opportunities.
Sector: Computer Software
Target: Concurrent Real-Time
Buyer: Battery Ventures
Vendor: Concurrent Computer Corp
Deal size in USD: 35m
Buyer advisor: , ,
|Printer friendly Cite/link Email Feedback|
|Publication:||M & A Navigator|
|Date:||May 17, 2017|
|Previous Article:||Chicago Tribune Owner Makes Bid Rival Chicago Sun-Times Newspaper.|
|Next Article:||Strategic Storage Growth Trust Acquires North Carolina, US Portfolio for USD 10.25m.|