SVB Securities Advises BSDi in the Sale of Assets to Wind River Systems
Company news | May 2, 2001
Santa Clara, CA -- May 2, 2001 -- SVB Securities Inc., a wholly-owned subsidiary of Silicon Valley Bank, acted as financial advisor to BSDi in the sale of software assets to Wind River Systems (NASDAQ: WIND). Under the agreement, Wind River will purchase BSDi's BSD operating system unit. BSDi will change its name to iXsystems, will be licensed to use the BSD operating system, networking and Internet technologies and will gain access to Wind River's industry-leading embedded software and development tools. Financial details were not disclosed.
"The transaction with Wind River was a win for both BSDi and the FreeBSD community," said Gary Johnson, chief executive officer of BSDi. "SVB Securities played a critical role in the success of this transaction."
"This transaction is another example of the value SVB Securities can add to Silicon Valley Bank clients," said Jim Anderson, managing director of SVB Securities. "Leveraging the broad network of the Bank with the transaction experience of SVB Securities, we were able to complete this assignment despite very difficult market conditions."
SVB Securities provides a range of services for Silicon Valley Bank clients, including merger & acquisition advisory services and private placements of equity for promising emerging growth companies, primarily with the venture capital community.
About iXsystems, Inc.
iXsystems, Inc. is a leading provider of rackmount server solutions for the Internet infrastructure. Available in a range of build-to-order configurations, iXsystems servers power the Internet, running the Internet's highest-traffic Web sites and highest-volume service networks. For more information, visit iXsystems today at www.ixsystems.net or contact firstname.lastname@example.org or call (408) 535-6800.
About Silicon Valley Bank
Silicon Valley Bank serves emerging growth and middle market companies in targeted niches, focusing on technology and life sciences, while also addressing other specific industries in which it can provide a higher level of service and better manage credit through specialization and focus.
The Bank operates throughout the Silicon Valley: Santa Clara, Palo Alto and Sand Hill, the center of the venture capital community in California. Other regional offices within California include: Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Santa Barbara, and Sonoma. Office locations outside of California include: Phoenix, Arizona; Boulder, Colorado; West Palm Beach, Florida; Atlanta, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; Durham, North Carolina; Portland, Oregon; Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas; Northern Virginia; and Seattle, Washington. More information on the Bank can be found at www.svb.com.
SVB Contact: Andrea McGhee, (408) 654-3078, email@example.com.