Ascential pounced on Mercator at a time when the Wilton, Connecticut-based integration software vendor was recovering from dissent within its own ranks, which saw a group of dissident shareholders launch a $76m attempt to acquire the company, and only withdraw the bid after one of their representatives was appointed special adviser to the board on strategic matters.
Mercator also recently reported a net loss of $9.2m in its second quarter to June 30, up from a loss of $8.3m on revenue 18.3% lower at $22m.
The importance of the deal for Ascential is that it broadens its product offerings from the export, transform and load space into Mercator’s specialist area of exchanging data between different applications.
Source: Computerwire
