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Avvenu Appoints SRS as Stockholder Representative in Nokia Acquisition
Publish Date : 12/18/2007 7:05:00 AM Source : Mobile and Gadgets News Onlypunjab.com
Shareholder Representative Services, LLC (SRS) today announced that it has been appointed as the representative of the former stockholders of Avvenu, Inc. following the company's recent acquisition by Nokia Inc. Avvenu's selling stockholders include Charles River Ventures and Worldview Technology Partners.
"When we learned about SRS, we were intrigued by their value proposition," said Jim Strawbridge, General Partner & Chief Operating Officer, Worldview Technology Partners. "They were brought in late in the process shortly before signing of the agreements, and we were impressed by SRS' responsiveness and their ability to meet our tight deadline."
"Outsourcing the shareholder rep function to SRS post closing was a no-brainer", adds Bill Tai, General Partner, Charles River Ventures. "SRS has the team with the proper expertise to professionally manage all post-closing matters related to the escrow, and any claims or disputes which may arise, which allows us to focus on our core business of making new investments and building value in our ongoing portfolio."
SRS serves as a professional representative of the stockholders following the closing of merger or acquisition transactions in connection with managing claims by buyers for damages related to breaches of representations or warranties, communicating with the escrow agent and other parties to the transaction, and any other matters that may arise following closing.
"Responsiveness is one of the most essential services a shareholder rep can perform", said Paul Koenig, Managing Director, SRS. "Our attention to responsiveness commences at inception of the engagement -- SRS can quickly integrate itself into the merger process at the eleventh hour -- and continues until the expiration of all obligations under the merger agreement."
For more information about Shareholder Representative Services, visit our website at www.shareholderrep.com.
About Shareholder Representative Services Headquartered in Denver and with offices in Silicon Valley, SRS provides professional shareholder representation services following the closing of an M&A transaction. As shareholder representative, SRS manages the entire post-closing process including the management of escrows, earn-out negotiations, the handling of claims, disputes and litigation, communications with the acquirer, and, ultimately, distribution of escrow funds. By engaging SRS, investors are able to focus on their core competencies - identifying the next deal and managing the rest of their portfolio - rather than being distracted by the administrative burdens and legal and financial risks that may inure to the shareholder representative. The professionals at SRS have the expertise to simplify the post-closing process for the investors and to maximize return of sale proceeds to shareholders. |
Reliance to sell phone cards through post offices
Publish Date : 1/28/2005 12:31:00 PM
Reliance Infocomm, the telecom services arm of corporate behemoth Reliance Industries, Thursday said it had entered into an agreement with the department of posts ....
Mobile Productivity Inc. Acquires AIS/IDENTIFIX
Publish Date : 1/25/2005 10:51:00 AM
Mobile Productivity Inc. (MPi), a premier automotive repair information and service merchandising provider, announced today the acquisition of Automotive Information System ....
CSK Auto Corporation Announces Sale of Automotive Information Systems
Publish Date : 1/25/2005 10:34:00 AM
CSK Auto Corporation (NYSE:CAO) announced today that on January 21, 2005, CSK Auto, Inc. (CSK) sold all of the issued and outstanding capital stock of Automotive ...
T-Mobile UK Selects MyNetonomy for its Corporate Customers
Publish Date : 1/24/2005 11:07:00 AM
Netonomy, the leading provider of customer self-service solutions for communications service providers, today announced that T-Mobile, one of the world's leading ....
Stan Lee Goes Wireless Around The World With Vidiator
Publish Date : 1/19/2005 11:02:00 AM
He's amazing, uncanny, incredible and now he's also wireless.
Samsung Electronics Says High-bandwidth 512Mb Memory Will Enable 3D Graphics in Smaller Mobile Phones
Publish Date : 1/19/2005 10:16:00 AM
Samsung Electronics Co., Ltd., the world leader in advanced memory technology, today announced that it has completed the world's first working prototype of a 512Mb mobile ...
Motorola Signs Technology Agreement with E Mobile's CHL
Publish Date : 1/12/2005 1:04:00 PM
E Mobile Information Technologies (Pink Sheets:EMTK) wholly owned subsidiary, CHL Technologies, has signed an agreement with global communications leader Motorola ....
Motient Announces Signing of Term Sheet to Purchase Additional Interests in Mobile Satellite Ventures
Publish Date : 1/12/2005 11:17:00 AM
Motient Corporation (Pink Sheets:MNCP) announced today that on January 10, 2005, it signed a binding term sheet with Telcom Satellite Ventures, pursuant to which ....
Tata Indicom launches mobile service in Punjab, Haryana, HP
Publish Date : 1/6/2005 12:42:00 PM
Tata Indicom on Wednesday launched its
mobile telephone services in Punjab, Haryana, Himachal Pradesh
and the Union Territory of Chandigarh at an investment of Rs 600
crore in phase one.
Wherify Honored with Two Prestigious 2005 CES Innovations Awards for GPS Locator Phone
Publish Date : 1/5/2005 10:01:00 AM
Wherify Wireless, Inc., a leading developer of wireless location products and services, today announced that it was been honored by the Consumer Electronics Association....
Total Results : 28 More News (Opens in New Window) : [1] 2 3 Next Page
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