RealTime IT News

Comverse Snatches Up Gaya

BioShield Technologies + AHT, Comverse Technology + Gaya Software, Equitex + Key/Nova

 Comverse Technology (CMVT) to acquire Gaya Software


   *  Amount:         $25 million


   *  Terms:            100% stock

   *  Premium:        n/a


   *  Industry:        Performance software


   *  Scorecard:      B+


    WOODBURY, N.Y., June 30--Comverse Technology , the world's leading supplier of software and systems enabling network-based enhanced services, announced that it has signed a definitive agreement to acquire Gaya Software Industries, a privately-held, Lod, Israel-based firm, founded by Yoram Regev, Ofer Corenfeld, and Yotam Raz, specializing in software-based intelligent IP gateways and voice-over-IP (VoIP) technology. Comverse Technology's acquisition of Gaya is expected to be effectuated as a stock-for-stock transaction, valued at approximately $25.1 million.



 Equitex (EQTX) to acquire Key/Nova


   *  Amount:       &nbs