Mergers and Acquistions News
Categories: Software
February 11th 2010, 16:51PM
The shareholders of Sajan, a provider of global languages and cloud-based software, have approved a proposed merger with a wholly-owned subsidiary of MathStar.
Under the terms of the deal, which is expected to close within the first quarter of 2010, Sajan will merge with Garuda Acquisition to become a subsidiary of MathStar, which specialises in high-performance logic solutions for image and digital signal processing.
Shannon Zimmerman, chairman and chief executive officer of Sajan, welcomed the news that the firm's shareholders had voted to approve the deal.
"We believe that this merger, when completed, will provide Sajan with the platform and capital to grow our business of providing global language services and cloud-based translation management software," he added.
Sajan recently appointed David Flynn as general manager of its newly-opened office in Dublin, Ireland, which will serve as the company's regional headquarters for Europe, the Middle East and Africa.
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