M&A Deal Summary

OpenMail Acquires InfoSpace

On July 5, 2016, OpenMail acquired internet software and services company InfoSpace from Avantax for 45M USD

Acquisition Highlights
  • This is OpenMail’s 1st transaction in the Internet Software and Services sector.
  • This is OpenMail’s largest (disclosed) transaction.
  • This is OpenMail’s 1st transaction in the United States.
  • This is OpenMail’s 1st transaction in Washington.

M&A Deal Summary
Date 2016-07-05
Target InfoSpace
Sector Internet Software and Services
Buyer(s) OpenMail
Sellers(s) Avantax
Deal Type Divestiture
Deal Value 45M USD

Target

InfoSpace

Bellevue, Washington, United States
InfoSpace LLC is a developer and provider of web based search engine.

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Buyer(S) 1

Buyer

OpenMail

Venice, California, United States
Category Company
Founded 2013
Sector Internet Software and Services
DESCRIPTION

OpenMail LLC is a developer of data management and marketing technology company.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 1 of 3
Sector (Internet Software and Services) 1 of 2
Type (Divestiture) 1 of 3
State (Washington) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 H.D. Vest

Irving, Texas, United States

H.D. Vest, Inc. (dba H.D. Vest Financial Services) is an independent broker/dealer providing tax professionals with the products, training, and support to deliver independent financial solutions to retail investors.

Buy $580M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-18 Monoprice

Rancho Cucamonga, California, United States

Monoprice, Inc. (dba MonoPrice.com) is an e-commerce provider specializing in high-quality yet affordable consumer electronics and tech products, including a wide variety of cables, home theater equipment, networking and IT gear, mobile accessories, PC and gaming accessories, and pro audio equipment.

Sell $40M
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