Tech Company M&A Transactions
Veveo Acquisition
Veveo, based in Andover, was acquired by Rovi. The transaction price was $69 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/24/2014
Transaction Type
M&A
Amount
$69,000,000
M&A Terms
Under the terms of the agreement, Rovi will pay approximately $62 million in net cash at the closing and up to $7 million in additional cash payments based on achievement of certain agreed-upon milestones.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
40 Shattuck Road 303
Andover, MA 01810
USA
Andover, MA 01810
USA
Phone
Website
Email Address
Overview
Veveo's mission is to simplify access to web video content from Internet-connected devices. Our vTap solution is a quick and easy way to experience web videos from input and display constrained devices such as mobile phones and TVs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Murali Aravamudan
Chief Financial Officer
Harris Fishman
Founder
Ajit Rajasekharan
General Manager
Daren Gill
Vice President
Rakesh Barve
VP - Bus. Development
Guru Pai
VP - Sales
Mike Koenig
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Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC transactions reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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