Convera Corporation and Firstlight Merge

Jun 05, 2009

Convera Corporation, a provider of vertical search services for publishers, announced the signing of a merger agreement with Firstlight Online Limited and Convera's merger subsidiary as well as Convera's intent to distribute cash to its existing stockholders of record. The combined new company will bring together the vertical search technology of Convera and the advertising sales and marketing capabilities of Firstlight. The new company will provide technology and advertising to the publishing market. Shortly after filing the certificate of dissolution, Convera expects to make an initial cash distribution of $10,000,000 in aggregate to its stockholders of record as of the date of filing of the certificate of dissolution.