Content area
Full Text
On April 16, media-processing platform maker eYak (Boston, MA- 617-531-2100, www.eyak.com) announced their acquisition of Brooktrout Software (Southborough, MA - 508-229-7777, www.brooksoft.com), the application development and service subsidiary of "next-gen network infrastructure" maker, Brooktrout Inc. Brooktrout received $5 million in cash and 3.4 million shares in the privately held, combined company - about a 6% equity stake. David Friend, eYak's co-founder, will be the chairman and CEO of the combined company; Mark Flanagan, the former president and CEO of Brooktrout Software, has been named president and COO. Jeff Flowers, eYak's other co-founder, will be the combined company's CTO.