Agile Software Corp. said today it completed its acquisition of Eigner, a privately held product lifecycle management software maker.
Under the terms of the agreement announced earlier this month, Agile issued 1,795 shares of common stock and paid nearly $3 million in cash for all Eigners outstanding shares.
"We are pleased that we completed the transaction so quickly, said Bryan Stolle, Agile CEO, in a statement. "We can now offer our combined customer base…an even broader PLM solution."
The company also expects to offer a broader product portfolio and greater development and service capabilities, Stolle said.
While Agile, of San Jose, Calif., also makes PLM software, Eigner brings to the table important vertical capabilities, with software geared toward the automotive supply chain, industrial equipment and aerospace and defense industries.
Agile provides software to companies in the electronics, high tech, life sciences, consumer products, industrial machinery, automotive and aerospace and defense markets.