Volcano to Expand With Israeli AcquisitionTuesday, November 27, 2012
Volcano Corp., a San Diego based medical device manufacturer, said it entered into a definitive agreement to acquire Sync-Rx Ltd., an Israeli based software firm, for an undisclosed price.
CEO Scott Huennekens said Sync-Rx’s technology provides Volcano with a platform to build a range of advanced software features to aid clinical decision making.
“We are excited about the Sync-Rx team joining Volcano and establishing a footprint in Israel, given the breadth and depth of medical imaging and software talent there,” he said.
Volcano said it anticipates that the transaction will close within 30 days.
Shares of Volcano trade on the Nasdaq under the symbol VOLC.
— SDBJ Staff Report