Tech Company M&A Transactions
Jiff Acquisition
Jiff was purchased by Castlight Health. The acquisition became public on 1/5/2017. The parties disclosed the acquisition price to be $133.3 million.
Transaction Overview
Company Name
Acquired By
Announced On
1/5/2017
Transaction Type
M&A
Amount
$133,300,000
M&A Terms
Castlight will issue approximately 27 million shares and options at the closing of the transaction to former Jiff equity holders, representing approximately 20 percent of the combined company on a fully-diluted basis. The issuance of up to an additional 4 million shares is contingent on the achievement of specific growth objectives for the Jiff business in 2017.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
215 Castro St. 2nd Floor
Mountain View, CA 94041
USA
Mountain View, CA 94041
USA
Phone
Website
Email Address
Overview
Jiff is on a mission to help companies lower healthcare costs and cultivate happier, healthier employees. Jiff's enterprise health benefits platform brings together the best of digital health technology and services in a data-driven hub that allows employers to manage all of them, to see what works, and to get employees to engage.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Derek Newell
VP - Bus. Development
Pierce Graham-Jones
VP - Customer Service
Rachel Sherman
VP - Finance
John Kemmerer
VP - Product Management
Johnathan Hodge
VP - Sales
Mike Leonard
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