The purchase price comprises $1.1m in cash and about 5.3 million shares of Wave's common stock valued at $2.21 each.
Nasdaq-listed data security provider Wave Systems has bought Israel-based data loss prevention vendor Safend for $12.8m.
The purchase price comprises $1.1m in cash and about 5.3 million shares of Wave’s common stock valued at $2.21 each.
Founded in 2003, Safend had raised a reported $21m, with its last public investment the $9m raised for its series C round in February 2008 from an unnamed asset manager, Tel Aviv-listed IDB’s corporate venturing unit Elron Electronic Industries, venture capital firm Walden and…
