Tech Company M&A Transactions
Illume Software Acquisition
Illume Software, operating out of Needham, was acquired by Options Media Group. What Options Media Group paid for Illume Software was not announced.
Transaction Overview
Company Name
Acquired By
Announced On
2/1/2012
Transaction Type
M&A
Amount
Unknown
M&A Terms
Under the terms of the definitive agreement, Illume will become a wholly-owned subsidiary of Options Media. The shareholders of Illume will own 40% of the post-merger company. The completion of the acquisition is contingent on Options Media receiving financing in connection with the acquisition and for ongoing operating costs.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
75 Second Avenue 140
Needham, MA 02494
USA
Needham, MA 02494
USA
Phone
Website
Email Address
Overview
Illume Software develops solutions that leverage location to power high-value applications and services. Our first product, iZUP, offers a responsible solution to cell phone-related distracted driving. iZUP harnesses the power of GPS, the pervasiveness of cellular networks, and the new emphasis on intelligent solutions to real-world problems.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Ross
Chief Technical Officer
Moti Hodis
Co-Founder
Darcy Ahl
VP - Bus. Development
Mark Thirman
VP - Sales
Dan Maier
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