An affiliate of Thoma Cressey Bravo will acquire Macrovision's Software Business Unit in a cash transaction valued at approximately $200 million, the companies said.
transaction is subject to customary conditions to
closing and is expected to close
on or before April 1, 2008.
"This is a very exciting opportunity for our software
business unit. We have taken tremendous pride in
developing and selling award-winning software
solutions that strive to exceed our customers? needs,"
stated Fred Amoroso, President and CEO of Macrovision.
The transaction will result in a stand-alone company. All products and associated support and
services from within the Software Business Unit are
part of the transaction. Mark Bishof, currently
Macrovision?s Executive Vice President and General
Manager of the Software Business Unit, will assume the
role of CEO for the stand-alone software company
following the close of the transaction.
Specifically, the transaction includes the FLEXnet
and InstallShield family of products for software
producers which help manage entitlements, software
licensing, compliance, installation, and electronic
software delivery for independent software vendors