Divestiture • Internet Software and Services

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 Context
  • 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.

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M&A Deal Summary

Date October 21, 2003
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 Company

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 Overview 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 Context for Buyer #
Overall 4 of 19
Sector: Internet Software and Services 2 of 6
Type: Divestiture 1 of 2
Country: United States 3 of 16
Year: 2003 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 Profile 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 Context for Seller #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2003 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 -