SOURCE: Didean Systems Corporation

Didean Systems Corporation

October 29, 2014 11:15 ET

Didean Systems Corp. Agrees to Acquire DataBanker Intellectual Property

SANTA CLARA, CA--(Marketwired - Oct 29, 2014) -

  • Participatory Privacy Model - the Foundation for Didean Solutions
  • Davenport and Goyal to Remain CEO and CTO of Company
  • Lewis, Irving and Wilson to Become Advisors of Didean Systems

Didean Systems Corp., a leading technology company providing a secure post-purchase platform for manufacturers and DataBanker Corp, a SUCCASUNNA, NJ based company with deep knowledge in data analytics, privacy and security today jointly announced that they have entered into definitive agreements to allow Didean Systems' exclusive access to DataBanker's IP and talent.

"For several years I have been following DataBanker and have been impressed with their forward thinking on a 'board of trade' privacy and data model. DataBanker has some very compelling IP related to privacy risk management, security and analytics. We are excited to have the top talent join Didean Systems and believe that the combination of the two companies and leadership will accelerate our products and solutions across mobile, web and data," said Danielle Davenport, Didean Systems Co-Founder and Chief Executive Officer.

"Manufacturers are craving strong post-purchase integrated solutions that can provide successful customer links across multi-tiered environments. The combination of Didean Systems and DataBanker will form a powerful online platform to provide superior interaction between the product users and the manufacturer. We are very excited to utilize the DataBanker privacy model within Didean's product portfolio and enhance the manufacturer to customer relationship," said Cameron Lewis, Chief Executive Officer of DataBanker.

Upon consummation of the transactions, Danielle Davenport will become Chief Executive Officer and Sanjiv Goyal will become Chief Technology Officer of the combined company and Cameron Lewis will become VP Sales & Business Development of the combined company. The newly combined company will operate under Didean Systems Corporation and intends to seek Seed/Series A Funding in November 2014.

The parties will seek to consummate the transactions by November 5, 2014. The transaction is subject to the satisfaction of customary closing conditions.

About Didean Systems
Didean Systems is an innovative start-up delivering SAAS based post-purchase solutions for manufacturers. Didean's privacy foundation establishes a secure channel between the customer and the manufacturer for managing connected devices and the data they gather. Didean is a proprietary technological leader and the company is headquartered in Santa Clara, CA. More information http://www.dideansystems.com.

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