Mergers & Acquisitions

Mergers & Acquisitions

September 28, 2011

AT&T Subsidiary Acquires Superclick

A subsidiary of AT&T (News - Alert) has planned to acquire Superclick, Inc., a wholly owned, Montreal-based subsidiary of Superclick Networks, Inc. Superclick develops, manufactures, markets and supports the Superclick (News - Alert) Internet Management System (SIMS), Monitoring and Management Application (MAMA™) and Media Distribution System (MDS) in worldwide hospitality, conference center and event, multi-tenant unit (MTU) and university markets. The deal has been done in a cash transaction currently valued at approximately $15 million.

According to a press release, the agreement has been approved to proceed to shareholder vote by the Board of Directors of Superclick.

"Superclick is committed to delivering world class network management solutions to its customers. Under the leadership of our Founder, President and CEO Sandro Natale, we have developed the deepest and most reliable capabilities for network monitoring and management in the market today. It is an honor to have received this offer from AT&T, known around the world for being a trusted business leader in their field. We are confident that this transaction will allow our business to continue to flourish and that our technology will see wide adoption across many applications," said Todd Pitcher, Chairman of Superclick.

Particularly, the acquisition is likely to approved by Superclick stockholders and is expected to close in the fourth quarter of 2011.

Superclick Networks is also partnering with IBM (News - Alert) Global Services in the development of products and services designed to address strategic opportunities in key growth markets on a worldwide basis. Superclick intends to file with the Securities and Exchange Commission (the "SEC (News - Alert)") a preliminary proxy statement and a definitive proxy statement and other relevant materials in connection with agreement.

Mandira Srivastava is a TMCnet contributor. She works as a full-time writer, ghostwriter and blogger, and has more than two years of experience in print and Web media. She has also worked on company brochures, website content and product descriptions, as well as proofreading and editing content. To read more of her articles, please visit her columnist page.

Edited by Rich Steeves

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