QAD acquires CEBOS
Jan 01, 2013 (Datamonitor Financial Deals Tracker via COMTEX) --
QAD, Inc., a provider of enterprise resource planning software applications for the manufacturing companies, has acquired CEBOS, Ltd., a provider of enterprise management and regulatory compliance solutions, for a consideration of $5 million in cash, $3.5 million upon closing, and $1.5 million to be paid over the next two years subject to an earn-out. Both the entities are based in the US.
CEBOS has revenues of approximately $4.5 million in 2012 with 33 employees.
Deal Value (US$ Million) 5
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2012-12-31
Target (Company) CEBOS, Ltd.
Acquirer (Company) QAD, Inc.
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