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SAI Acquires Compliance Co. for $45M

Tuesday, January 16, 2007 7:00:00 AM PDT | VentureDeal Staff

PRINCETON, NJ -- SAI Global Limited (ASX: SAI) has announced an agreement to acquire Compliance and Ethics Learning Solutions Corp, which trades as Midi, for a purchase price of $45 million.

The acquisition adds significant scale to SAI’s compliance business, specifically in the North American market.  It also adds a number of referenceable blue chip clients as a solid base from which to increase the scale of company operations.

Midi will become a part of SAI's Global Compliance Division.  The transaction is scheduled to close January 19, 2007.

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