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M&A Deal Summary

Avantax Acquires Moviso

On October 21, 2003, Avantax acquired internet software and services company Moviso from Vivendi Universal Net USA Group for 25M USD

Acquisition Highlights
  • This is Avantax’s 2nd transaction in the Internet Software and Services sector.
  • This is Avantax’s 9th largest (disclosed) transaction.
  • This is Avantax’s 3rd transaction in the United States.

M&A Deal Summary
Date 2003-10-21
Target Moviso
Sector Internet Software and Services
Buyer(s) Avantax
Sellers(s) Vivendi Universal Net USA Group
Deal Type Divestiture
Deal Value 25M USD

Target

Moviso

United States
Moviso LLC is a provide of video games, ringtones and wallpapers, usually accessed through a mobile handsets.

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Buyer(S) 1

Buyer

Avantax

Coppell, Texas, United States
Category Company
Founded 1983
Sector Financial Services
Employees727
Revenue 666M USD (2022)
DESCRIPTION

Avantax delivers tax-focused financial planning and wealth management solutions for financial professionals, tax professionals and CPA firms, supporting its goal of minimizing clients’ tax burdens through comprehensive tax-focused financial planning. Avantax has two distinct, but related, models within its business: the independent Financial Professional model and the employee-based model. Avantax was incorporated in 1983 and is based in Coppell, Texas.

DEAL STATS #
Overall 4 of 19
Sector: Internet Software and Services M&A 2 of 6
Type: Divestiture M&A Deals 1 of 2
Country: United States M&A 3 of 16
Year: 2003 M&A 1 of 1
Size (of disclosed) 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-08 eCash Technologies

Bothell, Washington, United States

eCash Technologies, Inc. is a provider of rapid, secure and reliable, real time payment processing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-03 Switchboard

United States

Switchboard, Inc., is a provider of local online advertising solutions and internet based yellow pages.

Buy $160M

Seller(S) 1

SELLER

Vivendi Universal Net USA Group

Los Angeles, California, United States
Category Company
Founded 2002
Sector Internet Software and Services
DESCRIPTION

Vivendi Universal Net USA Group, Inc., is a provider of mobile media services.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2003 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-28 MP3.com

San Diego, California, United States

MP3.com, Inc. is a publisher and promotes online digital music.

Buy -
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