Thursday, March 10, 2005
PerfectData, Sona Mobile Complete Merger
Simi Valley-based PerfectData and wireless solution provider Sona Mobile said this morning that the companies have reached a definitive merger agreement. Sona Mobile shareholders will own 80 to 85% of the company. PerfectData previously sold magnetic media cleaning products, but sold off its operating divisions last year. The company has been seeking a merger partner for several years, after an aborted merger attempt with Israeli software developer SuperCom. PerfectData has been targeting companies looking for a reverse merger with the publicly listed firm.