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Volcano Corp. to acquire Sync-Rx Ltd.

San Diego-based Volcano Corp. (Nasdaq: VOLC), a developer and manufacturer of therapy tools designed to enhance the diagnosis and treatment of coronary and peripheral vascular disease, has entered into a definitive agreement to acquire Sync-Rx Ltd., a privately held company based in Israel that develops advanced software applications that facilitate transcatheter cardiovascular interventions using automated online image processing.

"This transaction represents a strategic step in the advancement of our multi-modality platform," said Scott Huennekens, president and CEO of Volcano Corp. "Sync-Rx's technology provides Volcano with a platform on which to build a range of advanced software features that will aid clinical decision-making by providing angiography and intra-body image enhancement, measurements and non-invasive imaging and intravascular co-registration capabilities, and future opportunities in physiology and peripheral and minimally invasive structural heart therapy guidance. We are excited about the Sync-Rx team joining Volcano and establishing a footprint in Israel, given the breadth and depth of medical imaging and software talent there."

The transaction is expected to close within the next 30 days.

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