SAS buys Gescan International
SAS Institute of Cary, North Carolina, has acquired the assets of Gescan International, a real-time document management company formed from a spin-off of General Electric. Gescan will continue to market and support the products under a multi-year reseller pact. Mirus represented the seller in this transaction. Financial details of the agreement were not disclosed.
SAS envisages using the stuff for context-sensitive on-line documentation for its flagship products, intelligent electronic mail, and competitive intelligence extensions to its executive information systems tool set. No timetables were given. Gescan’s product line supports Sun Microsystems Inc, Hewlett-Packard Co, IBM Corp, and Digital Equipment Corp Unix machines.
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Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care, and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations, and valuations. For additional information, visit www.merger.com.Back to Transactions