Comamtech to retain certain assets of Copernic
Copernic and N. Harris Computer ("Harris"), a subsidiary of Constellation Software, have entered into a definitive arrangement agreement with Comamtech, with respect to an arrangement pursuant to which Copernic will ultimately be acquired and taken private by Harris.
Under the terms of the agreement, current shareholders of Copernic will become shareholders of Comamtech, which shall retain certain assets of Copernic.
The purchase price to be paid by Harris to Comamtech for the shares of Copernic is equal to $7,200,000 payable as to $5,700,000 at closing, with an additional $1,500,000 payable on the 18th month anniversary of the closing.
Copernic specialises in developing, marketing and selling search technology, providing home and business software products and offerings for desktop, web and mobile users, through its online properties, including www.mycopernic.com and www.copernic.com.
Harris provides financial management and Customer Information Systems software offerings.