Tech Company M&A Transactions
Exactuals Acquisition
Exactuals, based in Los Angeles, was acquired by City National Bank. The exit price for Exactuals was not provided.
Transaction Overview
Company Name
Acquired By
Announced On
8/16/2018
Transaction Type
M&A
Amount
Unknown
M&A Terms
City National anticipates additional revenue from Exactuals' payment processing and also expects to increase deposits and enhance the services it can offer to the bank's entertainment clients. The added financial strength of City National and its parent company Royal Bank of Canada (RBC) will enhance Exactuals ability to serve larger clients, while providing peace of mind to firms of all sizes. Financial terms of the transaction were not disclosed.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
1100 Glendon Ave. 17 floor
Los Angeles, CA 90024
USA
Los Angeles, CA 90024
USA
Phone
Website
Email Address
Overview
With an ever-increasing volume of residuals payments and a need for studios and unions to spend more resources on core issues, it is time to automate residuals distribution. Exactuals is leading the charge with unions, studios, and payroll companies all partnering for change.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Hurst
Chief Operating Officer
Bryan Walley
Chief Technical Officer
Jason Hiller
VP - Bus. Development
Jay Sloan
VP - Customer Service
Rebecca Green
VP - Customer Service
Douglas Mitchell
VP - Engineering
Kevin Li
VP - Product Management
Ilie Ardelean
VP - Product Management
Hai Huang
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