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April 10, 2006
Comverse Buy VC-Backed Netcentrex For $164M
Comverse announced today that it will buy venture-backed Netcentrex for about $164M in cash. An additional $16M earnout is part of the deal. With trailing year revenues for Netcentrex reportedly being $46M, the firm was valued at about 3.7 times sales (half of earnout added to calculation). It has been profitable since 2004.
The French firm had been issuing a series of press releases about its rapid growth, as well as publicizing its plans for an IPO soon.
Founded in 1998, the startup raised about $34M from VCs including CDC Innovation Partners, Crescendo Ventures, Innovacom, and Newbury Ventures, among others.
Read - France's Netcentrex Mulls IPO
Posted on April 10, 2006 01:03 PM | Posted to Venture Capital | VoIP | Permalink
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