Tech Company M&A Transactions
TapInfluence Acquisition
Headquartered in Boulder, TapInfluence was bought by IZEA. The transaction price was $11.6 million.
Transaction Overview
Company Name
Acquired By
Announced On
7/13/2018
Transaction Type
M&A
Amount
$11,580,000
M&A Terms
IZEA will acquire TapInfluence through a merger agreement and TapInfluence will become a wholly owned subsidiary of IZEA, Inc. upon closing. Total consideration for the transaction in cash and stock is estimated at $7.08 million based on IZEA's stock price as of market close on July 11, 2018. IZEA will issue $1.5 million in cash, subject to working capital adjustments, and 1.15 million shares of common stock at closing. One additional payment of $1 million will be due in cash or stock at IZEA's option six months after closing. A second additional payment of $3.5 million will be due in cash or stock at IZEA's option twelve months after closing.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
2100 Central Ave. 200
Boulder, CO 80301
USA
Boulder, CO 80301
USA
Phone
Website
Email Address
Overview
TapInfluence is a software company headquartered in beautiful Boulder, Colorado with an additional office in New York City. The TapInfluence platform is used by brands to rapidly scale their social presence, amplify online conversations, and generate buzz around their products by partnering brands with influential social media publishers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Promise Phelon
Chief Technical Officer
Eli Gild
VP - Product Management
Rustin Banks
VP - Sales
Francesca Cruz
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