ColdSpark Acquired By Backup Software Firm
Broomfield, Colorado-based ColdSpark, a developer of email infrastructure software for the enterprise, has been acquired by a data backup software firm, BakBone Software. According to BakBone, it willl pay approximately $15.9M in a combination of cash and stock for ColdSpark, consisting of $8.125M in cash plus 18,169,780 shares of the firm's common stock. Scott Brown, co-founder and Chief Technology Officer of ColdSpark, will join BakBone as General Manager of a new, Message Management Division of BakBone. BakBone did not say how the acquisition would affect employees at ColdSpark. BakBone is publicly held, and based in San Diego, California.
posted on Thursday, May 14, 2009
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