Tech Company M&A Transactions
Adenyo Acquisition
On 1/31/2011, Adenyo was acquired by Motricity. Deal value was $150 million.
Transaction Overview
Company Name
Acquired By
Announced On
1/31/2011
Transaction Type
M&A
Amount
$150,000,000
M&A Terms
The acquisition of Adenyo, Inc. will be made for initial consideration of $100 million (subject to certain adjustments for working capital and indebtedness), consisting of cash, expected to be paid out of cash-on-hand, and shares of Motricity's common stock. A minimum of 50% of the initial consideration will be cash; however, the cash component can be increased up to 100% at Motricity's election. The agreement with Adenyo also contains an earn-out provision pursuant to which Motricity would pay between $0 and $50 million, in cash, common stock, or a combination thereof, at Motricity's election, based on Adenyo's financial performance during the 12 month period following closing of the transaction.
Company Information
Company Status
Acquired or Merged
Industry
Mobile
Mailing Address
130 Spadina Ave. 606
Toronto, M5V 2L4
Canada
Toronto, M5V 2L4
Canada
Phone
Website
Email Address
Overview
Our solutions enable our customers to integrate the mobile channel into their marketing and advertising mix and capitalize on its unique opportunities.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tyler Nelson
Chief Financial Officer
Ghazala Parvez
Chief Technical Officer
Kevin McGuire
Browse more venture capital transactions:
Prev: 1/31/2011: Project Frog venture capital transaction
Next: 1/31/2011: ReachForce venture capital transaction
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Where The Data Comes From
We report on tech company VC transactions. VC investment data records reported here come from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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