KANA Software, Inc. (OTC:KANA) has announced an agreement with an affiliate of Accel-KKR, to purchase all of the KANA’s assets and liabilities for $48.9 million cash. The price is subject to adjustment depending on the closing net working capital, net indebtedness, transaction expenses and other adjustments. Following the transaction, Kana will operate under its current Kana Brand as a privately held company.
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KANA Software is engaged in the development, marketing, and support of customer communications software products. The company’s products are primarily sold in North America, Europe and Aisa through a direct sales force and third party integrators. KANA products include Kana IQ, KANA Response, KANA Response Live and KANA Contact Center.
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