Monday, May 16, 2011
Arcturus Get Exit At Pliant
Pasadena-based venture capital firm Arcturus Capital has scored an exit out of its portfolio this morning, as Milpitas, California-based Pliant Technology was acquired by SanDisk in a deal worth $327M. SanDisk said it would pay $327M in cash, plus equity-based incentives for Pliant, a developer of enterprise solid state disk drives (SSDs). SanDisk is a major manufacturer of flash memory. Arcturus first invested in Pliant in 2007.