
Jul 14, 2010 (Datamonitor Financial Deals Tracker via COMTEX) — AirClic, Inc., a web-based software and mobile information services company, has merged with Airversent, Inc., a provider of software-as-a-service products. Both the parties involved in the transaction are based in the US.
As part of transaction, the newly formed organization will operate under the Airclic brand.
Deal Type Merger Deal Status Completed: 2010-07-13 Deal Participants Target 1 (Company) AirClic Inc.
Target 2 (Company) Airversent, Inc.
Deal Rationale The merger will enable AirClic to strengthen its position by adding domain expertise, multiple technology patents and a substantial channel partner program.