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Entorian Buys Augmentix Corporation for $34.2 Million
 TMCnet Contributing Editor
Augmentix Corporation, a provider of computing solutions, says it’s set to become part of Entorian Technologies Inc., a provider of advanced module and system-level products.
The deal was signed for a value of $34.2 million, according to the companies. Terms of the transaction include $23.5 million in cash and approximately $10.7 million in convertible notes.
The acquisition marks as a significant move which positions Entorian to further expand and strengthen its portfolio into high-growth Markets, officials say. The company says it believes the acquisition will be immediately accretive to earnings, net of one-time expenses related to the acquisition.
Together, the company will continue to serve mobile and server platforms, and module form factors for thermally intensive, highly reliable and performance-oriented applications, officials say.
Founded in 2003, Augmentix offers rugged computing solutions which serve various growth markets, including government and military applications, as well as first responders and mobile service applications in utilities, telecommunications and industrial manufacturing. These solutions are sold directly to U.S. government agencies, and the company’s rugged notebooks are developed with and distributed exclusively through a leading, U.S.-based, PC original equipment manufacturer.
“The new combined portfolio further positions Entorian into high-growth markets, where our core expertise is a key differentiator”, said Wayne Lieberman, chief executive officer of Entorian.
“Additionally, the Augmentix acquisition brings new revenue opportunities, including an established revenue base through a significant OEM, and an impressive customer list that includes most branches of the U.S. Armed Forces, and top system integrators including Raytheon ( News - Alert) Company, Secure Computing Corp. and Northrup Grumman Corp.,” added Lieberman.
“We are excited to become a part of the Entorian team. Along with Entorian, we plan to continue to strive to maximize customer value by delivering advanced, world-class solutions for vertical markets,” said Stephan Godevais, president and chief executive officer of Augmentix.
Jai C.S. is a contributing editor for TMCnet. To read more of Jai’s articles, please visit his columnist page.
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