PatchLink to Acquire SecureWave SA
PatchLink Corp., a developer of enterprise security software, announced Monday that it has agreed to acquire SecureWave SA, a provider of endpoint security software. Terms of the deal were not disclosed. However, PatchLink said the transaction is an all-stock merger and is expected to close in the coming weeks. As part of the agreement, Mangrove Capital Partners, SecureWave's primary shareholder, will receive a seat on PatchLink's board of directors, PatchLink said. Founded in 1991, PatchLink is headquartered in Scottsdale, Ariz. This is PatchLink's second acquisition of 2007—the company purchased Harris STAT in February.
posted on Tuesday, June 19, 2007
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