Verso Technologies Acquires MessageClick

November 3, 2000

Verso Technologies Inc. (NASDAQ: VRSO) has signed a definitive merger agreement to acquire MessageClick Inc., a New York City–based provider of unified voice and data messaging and hosted messaging (ASP) solutions. Under the terms, MessageClick preferred stockholders will receive restricted Verso common stock and warrants; Verso will assume an estimated $4.5 million in MessageClick liabilities and has provided prior bridge financing and arranged additional financing to fund the transaction.

Buyers
Verso Technologies Inc.
Targets
MessageClick Inc.
Location
New York, United States
Transaction Type
Buyout

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