Vector Capital Set To Acquire 20-20 Technologies

BY: 

Dave Forde
July 31, 2012

20-20 Technologies Inc. announced that it has entered into a definitive arrangement agreement to be acquired by an affiliate controlled by Vector Capital Corporation, global private equity firm specializing in the technology sector.
As part of the agreement, Vector has agreed to acquire all of the issued and outstanding shares of the Corporation for consideration of $4.00 in cash per share, representing total equity value, on a fully diluted basis, of approximately $77 million. The $4.00 per share consideration represents a 28% premium over the closing share price of $3.12 on April 3, 2012, the last trading day before the strategic review process was publicly announced, and a 33% premium over the average closing share price for the 90 days prior to April 3, 2012.
Jean-François Grou, Chief Executive Officer of 20-20 Technologies, said: “Much has been done in the last 25 years to build 20-20 Technologies into what is now the world’s leading provider of computer-aided design, business and manufacturing software tailored for the interior design and furniture industries. We are pleased to be partnering with Vector to leverage their global capabilities, industry knowledge, and financial resources to further our shared long-term vision for the Corporation and benefit our customers.”

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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