By Priya Ganapati
Vector Capital has acquired the maker of popular file compression software WinZip.
July 18, 2005
Private equity firm Vector Capital said Monday it has bought privately held WinZip Computing in a bid to reinvigorate the file compression software that generates little revenue despite its popularity.
Vector Capital said it closed the deal, for which terms weren’t disclosed, earlier this year. The deal was partly financed by a $15-million loan from Technology Investment Capital, a publicly traded company that offers capital to small to midsize technology-related companies.
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