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Open Solutions Inc., 5 million shares.
Wachovia Securities acted as financial adviser to Open Solutions.
Since then, Open Solutions has changed the descriptions of its apps for babies in the iTunes store.
Stefan Babinec, an executive at Open Solutions, which is based in Bratislava, Slovakia, did not return an e-mail seeking comment.
Last week, one app by Open Solutions, called Baby Hear and Read Verbs, said the product would help infants "learn how to read, pronounce and spell basic verbs".
Under the terms of the deal, which is expected to be completed in the first quarter of 2007, Carlyle and Providence will pay $38 for each share of Open Solutions stock, representing a 32percentt premium over the average closing price of Open Solutions' stock for the last 30 trading days.
Similar(26)
But Compaq stuck with the open solution, and changed the course of the industry.
Integrated project given to the student is about chemical or biochemical engineering problems which have an open solution.
Like V.me, MasterCard's PayPass Wallet is an open solution, and allows consumers to add their Visa, American Express and Discover cards, whether credit, debit or prepaid.
The startup has created a low-cost, open solution to let the community decide what the bioreactor will do, whether it be making kombucha or cheese from yeast.
Today, the Bonitasoft Open Solution (launched in January) is downloaded more than 35,000 times per month (475,000 downloads to date), with one-third coming from the US market.
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