M&A Deal Summary

Conversant Acquires SET Media

On February 6, 2014, Conversant acquired internet software and services company SET Media from Crosslink Capital

Acquisition Highlights
  • This is Conversant’s 11th transaction in the Internet Software and Services sector.
  • This is Conversant’s 9th transaction in the United States.
  • This is Conversant’s 1st transaction in New York.

M&A Deal Summary

Date 2014-02-06
Target SET Media
Sector Internet Software and Services
Buyer(s) Conversant
Sellers(s) Crosslink Capital
Deal Type Add-on Acquisition

Target

SET Media

New York City, New York, United States
SET Media, Inc., a digital video technology company that connects brands with people through high quality, targeted and brand safe video advertising. We applied this science to online advertising by becoming experts in online video buying, spending several years buying online video for major brands like Microsoft, Sony, and Disney.

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Buyer(S) 1

Buyer

Conversant

Westlake Village, California, United States

Category Company
Founded 1998
Sector Internet Software and Services
Employees1,289
Revenue 573M USD (2013)
DESCRIPTION

Conversant, Inc. is a developer of an "Internet of Things Service Bus" (IoT-SB) which can securely and efficiently connect devices, sensors, and actuators to users, applications and databases for data analysis and process control.


DEAL STATS #
Overall 12 of 12
Sector: Internet Software and Services M&A 11 of 11
Type: Add-on Acquisition M&A Deals 11 of 11
State: New York M&A 1 of 1
Country: United States M&A 9 of 9
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Investopedia.com

Edmonton, Alberta, Canada

Investopedia.com is an online portal for investor education. A comprehensive and frequently visited investor education website, Investopedia.com draws over 2,900,000 monthly users and 20 million monthly pageviews.

Sell -

Seller(S) 1

SELLER

Crosslink Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Crosslink Capital is a growth-oriented investment firm focused on technology companies. Crosslink's typically invests in early-stage companies, however, the Firm will consider opportunities at every stage, from seed to pre-IPO to PIPE offerings. Sectors of interest include communications/infrastructure services, core technology, semiconductors, internet, and software. Crosslink Capital is based in San Francisco, California.


DEAL STATS #
Overall 40 of 62
Sector: Internet Software and Services M&A 8 of 12
Type: Add-on Acquisition M&A Deals 29 of 44
State: New York M&A 1 of 3
Country: United States M&A 39 of 61
Year: 2014 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Coraid

Athens, Georgia, United States

Coraid is a software-only storage company working to advance AoE for implementation in the modern data center with all its cloud storage needs. Coraid is based in Athens, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-04 Prosper

San Francisco, California, United States

Prosper is a peer-to-peer financing platform to invest and borrow money. The Prosper platform connects people who want to invest money with people who want to borrow money. The unsecured personal loans are used by Prosper borrowers for a variety of purposes including paying down high interest rate debt and helping with small business funding. Prosper was founded in 2005 and is based in San Francisco, California.

Buy -