20-20 Technologies acquired by Vector Capital for US$77 million

On September 13, 2012, Vector Capital Corporation completed, through an affiliate, the acquisition of all of the issued and outstanding shares of 20-20 Technologies Inc. for a consideration of $4.00 in cash per share, representing total equity value, on a fully diluted basis, of approximately $77 million. The transaction was implemented by way of a statutory plan of arrangement under the Québec Business Corporations Act. Vector Capital is a leading global private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. 20-20 Technologies is the world’s leading provider of computer-aided design, business and manufacturing software tailored for the interior design and furniture industries. The transaction represents the culmination of the strategic review process initiated by the Board of Directors of 20-20 Technologies in order to review strategic and financial alternatives to enhance shareholder value. The strategic review process was supervised by a Special Committee composed of four independent directors. Fasken Martineau acted as legal counsel to the Special Committee with a team that included Robert Paré, Michel Boislard, Frédéric Boucher et Jean Michel Lapierre.