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Software developer StatSci acquired by MathSoft. (Statistical Sciences Inc.; MathSoft Inc.)
Matthew Schiltz had a rather full day June 30: During final negotiations to sell his Seattle software company for roughly $5.6 million, he attended the birth of his first daughter.
Fast-growing Statistical Sciences Inc., also called StatSci, was acquired by MathSoft Inc. of Cambridge, Mass., for $3.5 million in cash and 348,000 shares of stock. MathSoft's stock trades around $6.25 per share.
The deal got complicated when, in the midst of 11th-hour negotiations, Schiltz's beeper went off. His wife, Katie, needed a ride to the hospital.
"We had to get the deal done that day and there were still some deal-breakers," said Schiltz, StatSci president. "On the way …
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Magazine article from: Puget Sound Business Journal
Baker, M. Sharon
June 17, 1994
700+ words
