Trace Affex Acquires Cygnet Storage Solutions' Product Line
April 2001 | Trace Affex, Inc. has signed an agreement to acquire certain assets of Cygnet Storage Solutions, Inc., a manufacturer of CD and DVD storage systems. Under the terms of the agreement, Trace Affex will manufacture, support, and market certain Cygnet-branded products. The acquisition includes intellectual property, manufacturing processes, assumption of customer contractual relationships, certain materials, and goodwill. As part of the agreement, the Toronto-based Quorum Group of companies, a Cygnet investor, will make an investment in Trace Affex.
(Trace Affex, Inc., 151 East Brokaw Road, San Jose, CA 95112, USA; 888/872-2388, 408/441-8040; Fax 408/441-7259; http://www.trace.com. Cygnet Storage Solutions, Inc., 1745 McCandless Drive, Milpitas, CA 95035, USA; 800/729-4638, 408/954-1800; Fax 408/954-9017; http://www.cygnet.com)