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Article: United States: Accel-KKR to acquire assets and liabilities of KANA Software.
- Article from:
- TendersInfo
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: deepak03
Accel-KKR LLC, a US-based private equity firm investing in technology companies, has entered into an agreement with KANA Software, Inc., a developer of customer communications software products, to acquire all of its assets and liabilities for approximately $48.9 million in cash. Pursuant to the transaction, KANA's current operating business, which includes software, services and licensing, will operate as a new company under its current KANA brand.
The Board of Directors of KANA has unanimously approved the asset purchase agreement and KANA ...