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Radialpoint acquires Casero

Apr 22, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Highland Capital Corp (HLCC)

Radialpoint, Inc., a provider of managed digital home security and care services to broadband service providers through a private-label software-as-a-service (saas) delivery platform, has acquired Casero, Inc., a provider of hosted applications to broadband service providers. Both the companies are based in Canada.

Casero had secured venture capital funding from Rembrandt Venture Partners, Argo Global Capital, and Highland Capital Partners, LLC. 

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-04-21

Deal Participants 

Target (Company)   Casero, Inc.
Acquirer (Company) Radialpoint, Inc.

Deal Rationale

Adding Casero's offerings and customer base to Radialpoint's portfolio reinforces its position in the broadband market with the security, data management, and premium support solutions required to address the everyday consumer's most common and frustrating IT challenges in the digital home.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Highland Capital Corp (HLCC)


Related terms: acquisition, bandwidth, canada, consumer, knowledge management, market, security, software, venture capital

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