M&A Deal Summary

The Active Network Acquires InfoSpherix

On August 16, 2007, The Active Network acquired business services company InfoSpherix from AIkido Pharma for 170M USD

Acquisition Highlights
  • This is The Active Network’s 1st transaction in the Business Services sector.
  • This is The Active Network’s largest (disclosed) transaction.
  • This is The Active Network’s 11th transaction in the United States.
  • This is The Active Network’s 1st transaction in Maryland.

M&A Deal Summary
Date 2007-08-16
Target InfoSpherix
Sector Business Services
Buyer(s) The Active Network
Sellers(s) AIkido Pharma
Deal Type Divestiture
Deal Value 170M USD

Target

InfoSpherix

Beltsville, Maryland, United States
InfoSpherix, Inc. is a designer, host and operator of park reservation services.

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Buyer(S) 1

Buyer

The Active Network

San Diego, California, United States

website

Category Company
Founded 1998
Sector Internet Software and Services
DESCRIPTION
The Active Network's corporate headquarters in San Diego, California.
The Active Network's corporate headquarters in San Diego, California.

The Active Network, Inc. is a provider of cloud-based activity and participant management solutions serving a wide range of customer groups including business solutions, community activities, the public sector and outdoors and sports. The Active Network provides applications that form an online network connecting a fragmented and diverse group of activity and event organizers with a large base of potential participants. The Company's technology platform helps organizers manage their activities and events by automating online registrations and streamlining other critical management functions. The Active Network, Inc. was formed in 1998 and is based in San Diego, California.

DEAL STATS #
Overall 12 of 32
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 3
State (Maryland) 1 of 1
Country (United States) 11 of 29
Year (2007) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-06 LaxPower.com

West Chester, Pennsylvania, United States

LaxPower.com is an online community for high school and college lacrosse players and fans.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-03 RegOnline

Boulder, California, United States

RegOnline is a provider of simple and flexible online registration services.

Buy -

Seller(S) 1

SELLER

AIkido Pharma

New York, New York, United States

website

Category Company
Founded 1967
Sector Information Technology
Employees4
Revenue 1M USD (2017)
DESCRIPTION

AIkido Pharma is a scientific research company offers a diversified commercialization platform for protected technologies. AIkido Pharma founded was incorporated in 1967 and is based in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 Hoth Therapeutics

United States

Hoth Therapeutics is a development stage biopharmaceutical company focused on the development of therapeutics for patients suffering from atopic dermatitis, such as eczema.

Buy -
Mergr

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