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ViryaNet Updates on Completion of Its Acquisition by Verisae [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) ViryaNet Limited updated on the completion of its previously announced acquisition by Verisae. According to a media release, the acquisition agreement was first announced on June 10, and the transaction closed and became effective. ViryaNet shareholders will receive $3.19 in cash for each ordinary share held by them as of the effective time of the merger, less any applicable withholding taxes. As a result of the acquisition, ViryaNet will become a strategic business unit of Verisae, a privately held company backed by Marlin Equity Partners. Verisae is the leading global provider of the Connected Facility - the integrated software platform that combines maintenance, machine to machine monitoring, energy, and sustainability software solutions into one. Verisae is a provider of SaaS solutions that manage asset and equipment maintenance, energy usage and environmental efficiency and compliance. ViryaNet delivers mobile workforce management solutions. More information: www.verisae.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |