Ektron
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Rumor: Ektron Deal Could Include Merger With European CMS Vendor EpiServer [Update]
As though the Ektron story we have been following over the last week hasn’t been convoluted enough, we started hearing rumors yesterday that the deal actually includes another component. The company could be merging with Stockholm-based Web-content management vendor EpiServer as part of the deal. The story, if it turns out to be accurate, underscores some of the problems that… Read More
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Ektron President Fesses Up To Selling The Company To Accel-KKR
After denying to TechCrunch that Ektron had been sold, company president Tim McKinnon admitted in a later phone conversation that a sale had in fact happened, after a document confirming the deal began circulating online. Earlier this week we published a story about the rumor that Ektron had been sold to an unnamed private equity firm. The firm was presumably Accel-KKR, which had invested in… Read More
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Rumor: Web Content Management Firm Ektron Sold To Private Equity Company
A source told TechCrunch this week that Ektron, a web content management firm based in Nashua, NH has been sold to an unnamed private equity firm for around $48M plus taking on $50M in debt. The source said the actual cash exchanged in the deal would only be in the $30M range, which is pretty low for an established enterprise software company. It’s worth noting that the company has… Read More
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