M&A Deal Summary

Local Offer Network Acquires Redeemio.com

On December 13, 2011, Local Offer Network acquired internet software and services company Redeemio.com

Acquisition Highlights
  • This is Local Offer Network’s 1st transaction in the Internet Software and Services sector.
  • This is Local Offer Network’s 1st transaction in the United States.
  • This is Local Offer Network’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2011-12-13
Target Redeemio.com
Sector Internet Software and Services
Buyer(s) Local Offer Network
Deal Type Add-on Acquisition

Target

Redeemio.com

Raleigh, North Carolina, United States
Redeemio.com, Inc. is a provider of search engine services.

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Buyer(S) 1

Buyer

Local Offer Network

Chicago, Illinois, United States

Category Company
Founded 2010
Sector Internet Software and Services
DESCRIPTION

Local Offer Network got its start aggregating daily deals and created technology that allowed website publishers to offer their own deals.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1