Hummingbird Ltd. (NASDAQ:HUMC) announced the acquisition of RedDot Solutions AG. Hummingbird acquired the shares of RedDot Solutions for an initial cash consideration of Euro 39.1 million (US dollar 47.5 million) and an additional cash consideration estimated at approximately Euro 4.5 million (US dollar 5.5 million) payable after December 31, 2005, based upon performance targets. RedDot Solutions will function as a subsidiary of Hummingbird and will continue to serve all its existing clients globally. The executive management of RedDot will remain in charge of operations. , http://www.hummingbird.com
Leave a Reply
You must be logged in to post a comment.