M&A Deal Summary

inMarket Acquires ThinkNear

On August 8, 2019, inMarket acquired digital media company ThinkNear from Telenav

Acquisition Highlights
  • This is inMarket’s 1st transaction in the Digital Media sector.
  • This is inMarket’s 1st transaction in the United States.
  • This is inMarket’s 1st transaction in California.

M&A Deal Summary

Date 2019-08-08
Target ThinkNear
Sector Digital Media
Buyer(s) inMarket
Sellers(s) Telenav
Deal Type Divestiture

Target

ThinkNear

Los Angeles, California, United States
ThinkNear, Inc. is a location-based mobile marketing platform that connects people and brands in the moments that matter. It drives accuracy and performance for mobile marketers through large-scale, high-quality data applied with a human touch. With full-service and self-service solutions, it offers insightful planning, targeting, optimization, and measurement capabilities for businesses and brands of all sizes.

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Buyer(S) 1

Buyer

inMarket

Venice, California, United States

Category Company
Founded 2010
Sector Marketing
DESCRIPTION

inMarket has helped thousands of brands activate buying experiences and better understand customer behavior to prove campaign ROI. Using Comscore verified, real-time data from 50 million smartphone integrations, inMarket identifies and engages consumers at every stage of the shopping cycle and creates exciting experiences that drive ROI for the world's top brands. The company has offices in New York, Chicago, Bentonville, San Francisco, Atlanta, and Los Angeles.


DEAL STATS #
Overall 1 of 5
Sector: Digital Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
State: California M&A 1 of 2
Country: United States M&A 1 of 4
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-09 NinthDecimal

San Francisco, California, United States

NinthDecimal, Inc. is a marketing platform powered by location data. NinthDecimal, Inc. offers a suite of solutions including a media SaaS platform, insights as a service (IaaS), and data as a service (DaaS). NinthDecimal, Inc. was founded in 2003 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Telenav

Santa Clara, California, United States

Category Company
Founded 1999
Sector Internet Software and Services
Employees784
Revenue 221M USD (2019)
DESCRIPTION

Telenav is a provider of location-based products and services for connected cars and advertising. Telenav utilizes its connected car platform and its advertising platform to deliver its products and services. Telenav's connected car platform allows it to deliver enhanced location-based navigation services to automobile manufacturers and tier-one suppliers, or tier ones. Telenav was founded in 1999 and is based in Santa Clara, California.


DEAL STATS #
Overall 2 of 2
Sector: Digital Media M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-30 skobbler

Berlin, Germany

skobbler GmbH, the European-based navigation company with the highest rated OpenStreetMap (OSM)-based GPS navigation apps in the world.

Buy $19M