403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx
Follow us:
403 Forbidden

403 Forbidden


nginx

Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

September 8, 2010 at 3:18 PM

Seattle’s Cequint sold for $50 million, up to $112 million

Six years after it was founded by a group of telecom veterans, Seattle-based Cequint was sold to TNS, a Reston, Va.-based enterprise data services provider.

Cequint provides carrier-grade caller ID products and services to mobile phone companies. It’s expected to add $2 million in revenue to TNS earnings through the end of 2010.

The purchase was $50 million — $46.7 million in cash plus about $3.3 million in TNS stock for Cequint executives. Another $62.5 million in cash will be paid if performance targets are met, for a potential total of $112.5 million.

A spokesman said all of Cequint’s nearly 70 employees will keep their jobs and the company will remain based in Seattle, operating as a TNS subsidiary.

More than 30 million phones have been distributed with Cequint’s first product, City ID, which displays the city and state of incoming numbers. The release said the company’s moving to a new version that also delivers the caller’s name and other features.

Comments | More in | Topics: Cequint, Enterprise, Startups

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


403 Forbidden

403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx