Axway Software S.A. (ENXTPA:AXW) announced intent to acquire Vordel Limited from a consortium of investors in cash on November 6, 2012. The transaction will be funded through Axway's existing bank credit line. The sellers include Elderstreet Capital Partners Fund, managed by Elderstreet Investments Limited, Intel Capital, Enterprise Ireland, Investment Arm, Hatton Investments, Crownway Capital Limited, Powerscourt Capital Technology Fund, senior management team, staff and others.

The proposed transaction is subject to customary closing conditions, such as submission to the Works Council, in accordance with legal provisions and is expected to close within the quarter. The transaction is expected to close by the end of fourth quarter of 2012 and is expected to be accretive to Axway within the first year and it expects revenue synergies by the addition of the Vordel products. Anne Marie McCallion of ReturnPR acted as PR advisor to Vordel. Mooreland Partners acted as financial advisor for Vordel. Mason Hayes acted as legal advisor to the shareholders of Vordel.

Axway Software S.A. (ENXTPA:AXW) completed the acquisition of Vordel Limited from a consortium of investors on November 26, 2012.