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Article: ADAPTEC: Adaptec acquires CeQuadrat.

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M2 Presswire
Article date:
July 9, 1999
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M2 PRESSWIRE-9 July 1999-ADAPTEC: Adaptec acquires CeQuadrat (C)1994-99 M2 COMMUNICATIONS LTD

RDATE:080799

* European CD-R software maker brings a successful product line and European market expertise to Adaptec's Software Products Group

MILPITAS, Calif. -- Adaptec, Inc. (NASDAQ: ADPT) announced that it has acquired Aachen, Germany-based CeQuadrat GmbH for approximately $25 million in cash. CeQuadrat is a privately held company with a broad range of CD-R software products sold through both OEM and retail channels. The addition of CeQuadrat's products and personnel should strengthen Adaptec's European market share, and improve the company's ...

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