Vector Capital, a San Francisco buyout firm, said it will purchase the assets of the Discovery Informatics business from Tripos, Inc for $25.6 million in cash.
The transaction is expected to close in the first quarter of 2007, the company said.
From the statement:
Headquartered in St. Louis, Mo., Tripos Discovery Informatics is a division of Tripos, Inc. and is a leading provider of critical software solutions to biotechnology, pharmaceutical and other life science enterprises. Tripos Discovery Informatics software products accelerate scientific research and innovation by allowing scientists to manage, analyze and share critical drug discovery information across the enterprise.