Crossroads Systems Inc (CRDS), Selectica Inc (SLTC), Visualant, Incorporated (VSUL) In Diker Management’s Line of Acquisitions

Let’s take a closer look at the companies in which Diker disclosed its latest moves. Crossroads Systems Inc (NASDAQ:CRDS) is a $46.79 million company that provides data storage solutions. The company delivered on its claim of being the most cost effective and scalable storage in the industry as it announced the release of the first cloud tape, StrongBox 3.0 in late March. Roth Capital initiated coverage on the company earlier this month with a ‘Buy’ rating and a price target of $4. Crossroads Systems Inc (NASDAQ:CRDS)’s stock is up about 4% year to date and the company has also spiked the interest of Ken Griffin, who holds a small holding of the company through his fund, Citadel Investment Group.

Diker added some 85,300 shares of Selectica Inc (NASDAQ:SLTC) as part of its latest acquisition. The company has also garnered the support of J Carlo Cannell and Jim Simons, among other investors. Their respective funds, Cannell Capital and Renaissance Technologies hold 355,920 shares and 108,514 shares respectively, according to their latest 13F filings. Selectica Inc (NASDAQ:SLTC) announced at the end of last month that it was going to acquire b-pack, a vendor specializing in purchase-to-pay technology, for $12.5 million in a cash and stock deal. Some of the areas in which b-pack’s solutions function are eProcurement, Asset Management, Purchase to Pay and Invoice Management.

Visualant, Incorporated (OTCMKTS:VSUL) provides disruptive light based technologies that make it possible to conduct types of analysis in the field that were much more time consuming  and cost inefficient in the past since they had to be sent to large and expensive labs. This year the company announced its collaboration with a Chinese company, Yantai Dongrun a manufacturer of precise instrumentation and sensor products, which will be exploring opportunities for the commercialization of Visualant, Incorporated (OTCMKTS:VSUL)’s Visualant ChromaID technology.

According to its last 13F filing, Diker held 1.63 million shares of Cyren Ltd (NASDAQ:CYRN) valued at $2.80 million. Hence the latest acquisition amounts to about 363,100 shares. The stock of the $85.36 million technology company is up by about 90.12% year-to-date. Among the company’s investors that profited from this rise is Jim Simons’ Renaissance Technologies, which held about 500,730 shares of Cyren Ltd (NASDAQ:CYRN) at the end of 2014.

Disclosure: None