We are the first home-use device company to be backed by a publicly traded company that is in the aesthetic marketplace," said Richard Oberreiter, chief executive officer and founder of Costa Mesa, CA-based CLRS
Country: , USASector: HealthcareTarget: CLRS
TechnologyBuyer: Solta Medical IncDeal size in USD: 1.
18 October 2010 - US Solta Medical Inc (NASDAQ: SLTM) said on Monday it has acquired personal care solutions provider CLRS Technology.
Under the terms of the acquisition, Solta acquired CLRS for the payment of some USD1.
According to the company, The CLRS works by alerting the operator of the coring equipment at surface of potential for a jam by displaying the lack of core intake at surface.
This is a very good arrangement for both parties and one that we feel has the potential to develop into a significant business, said Coretrack chair, Matt Birney, It aligns us with the extensive domestic and international base of Aztech through their drilling and coring project management business and it positions the Company well to receive a future revenue stream from CLRS.