Riverdeep has acquired Broderbund, a personal productivity software publisher for the consumer and school markets.
Irish educational software provider Riverdeep has agreed to pay Gores Technology Group $57.2 million in exchange for the acquired assets and liabilities of Broderbund.
Key assets purchased include the Broderbund name and its software brands such as Print Shop, Print Master, Family Tree Maker, American Greetings, 3D Home Architect, Calendar Creator, and Cosmopolitan.
The acquisition will be funded through a combination of cash on-hand and a new $50 million senior debt line with Foothill Capital Corporation, a subsidiary of Wells Fargo.