Symyx Divests Tools Business

Sunnyvale, CA 2/11/10; Washington, DC 2/11/10—Symyx Technologies will transfer the assets of its High Productivity Research (HPR) unit to a new company, HPR Global. The company will receive $8.6 million of positive net working capital from Symyx in return for a $10.0 million note and 19.5% equity stake. Symyx retains rights to royalties and license fees. The transaction is expected to close in March.

Symyx Divests Tools Business

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