Founding Director, Massachusetts Technology Transfer Center
Managing Director, D.E. Shaw and Co., L.P.
Executive Partner, Sofinnova Ventures
Chair, Department of Chemical Physiology, The Scripps Research Institute; Co-director, Center for Physiological Proteomics, The Scripps Research Institute
A regulatory filing made last month by GreatCall, the San Diego-based parent of Jitterbug, offers some insight into the value of Jitterbug’s acquisition of Waltham, MA-based MobiWatch. Jitterbug announced the deal yesterday but declined to comment beyond its press release. The filing shows that GreatCall provided 630,000 shares of common stock to MobiWatch and its shareholders. A note in the filing says the common stock was issued “in connection with the acquisition of certain assets of MobiWatch, pursuant to a purchase agreement dated 9/30/2009.” GreatCall currently values its common stock at 17 cents a share, which puts the official value of the MobiWatch deal at just $107,100—but with a big potential upside.