Tech Company M&A Transactions
Grow Mobile Acquisition
Headquartered in San Francisco, Grow Mobile was acquired by Perion Network. Perion Network said the transaction price was $42 million.
Transaction Overview
Company Name
Acquired By
Announced On
6/30/2014
Transaction Type
M&A
Amount
$42,000,000
M&A Terms
The initial purchase price is $17 million, of which $10 million in cash and $7 million in equity which will be paid at closing. The total purchase price may reach up to $42 million, with an earn-out component that allows for an additional $25 million in cash and equity to be paid over the next 24 months, contingent upon achieving certain revenue and profit milestones.
Company Information
Company Status
Acquired or Merged
Industry
Mobile
Mailing Address
251 Kearny St. 400
San Francisco, CA 94108
USA
San Francisco, CA 94108
USA
Phone
Undisclosed
Website
Email Address
Overview
Today is an exciting day at Grow Mobile! Grow Mobile has signed a definitive agreement to combine with Perion. In Perion we have found a partner that shares our vision to create the most effective platform for mobile app promotion.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brendan Lyall
Chief Financial Officer
John Moffett
Chief Operating Officer
AJ Yeakel
VP - Bus. Development
Brett Orlanski
VP - Engineering
Jianfeng Wang
VP - Sales
Darin Leach
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We document tech company VC transactions. All VC database entries reported here are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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