Incat Fall 1995
Fabrizio Cafarelli founded his company, Incat, in Milan in 1981, and in 1992, moved the company to California. The company made mastering software for compact discs. Three years after the move, Fabrizio sold the company to Adaptec for an undisclosed sum. After the acquisition Adaptec's stock tripled. Fabrizio describes his motivation for the sale in one word: "Money."
After the sale, and a brief stay at Adaptec, Fabrizio set out on a mission to do nothing! To help him with such a difficult task, he bought a villa in Tuscany (about 1-2 hours south of Florence) where he says he has "a couple thousand olive trees". You'll find him there during olive-pressing time or whenever he craves the peace of the Tuscan countryside. Otherwise, he might be at one of his homes in Milan and London, or more likely, on the road with his son the professional traveler. Recent trips include a jaunt to the Antilles to view a total solar eclipse ("beautiful", Fabrizio reports) and a journey through South America.
"I'm trying to get used to all this money and to not doing anything," Fabrizio says with a chuckle. "It has taken me a while, and I still have a long way to go."
One of the things that really gave me a lot of confidence, as Corum took us through the process, was that ultimately, a deal is about the people. It’s about chemistry, the fit, the synergy between the people involved.