BOSTON, Dec. 6, 2006 — Docucorp International®, a leading provider of Customer Communication Management solutions, and Skywire Software, a privately-held enterprise software company, announced today that they have entered into a definitive agreement, under which Skywire Software will acquire all of Docucorp's outstanding shares for $10.00 per share in an all-cash transaction valued at approximately $127 million.
Skywire Software is a subsidiary of Hall Financial Group, a $2 billion private, diversified financial firm. Upon closing, Docucorp and Skywire Software will merge to become one of the largest providers of software and services targeted to specific vertical industries. Cannacord Adams Inc. is acting as an exclusive financial advisor to Docucorp in connection with the merger and has rendered a fairness opinion to Docucorp's Board of Directors.
Joseph Johnson, partner at Goodwin Procter, represents Cannacord Adams Inc. in this matter.