The buyout is part of Cheyenne's plan to expand its product offerings for the desktop. It is Cheyenne's fourth major acquisition or technology licensing agreement in the past month.
Privately held Moniker of Scotts Valley, California, is best known for making a product called Spira, which lets users save and retrieve files to their CDs.
Now Cheyenne will market Spira directly to its original equipment manufacturer partners. Cheyenne said it would take a charge, net of taxes, of about two cents per share in the quarter that ended September 30 as a result of the buyout.
Cheyenne was trading at 19-1/8, up 1/4 of a point, in midday trading on the American Stock Exchange.