M&A Deal Summary

Otello Acquires FastMail Pty

On April 30, 2010, Otello acquired internet software and services company FastMail Pty

Acquisition Highlights
  • This is Otello’s 2nd transaction in the Internet Software and Services sector.
  • This is Otello’s 1st transaction in Australia.

M&A Deal Summary
Date 2010-04-30
Target FastMail Pty
Sector Internet Software and Services
Buyer(s) Otello
Deal Type Add-on Acquisition

Target

FastMail Pty

Melbourne, Australia
FastMail Pty Ltd. is a provider of web email hosting services.

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Buyer(S) 1

Buyer

Otello

Olso, Norway
Category Company
Founded 1995
Sector Software
Employees3
Revenue 259M USD (2020)
DESCRIPTION

Otello is a browser company develops mobile advertising and apps & games, creating a broad platform of business opportunities, including fully-owned subsidiaries and ownership of leading technology for mobile data compression. Otello was founded in 1995 and is based in Olso, Norway.

DEAL STATS #
Overall 2 of 9
Sector (Internet Software and Services) 2 of 4
Type (Add-on Acquisition) 2 of 7
Country (Australia) 1 of 1
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-20 AdMarvel

San Mateo, California, United States

AdMarvel, Inc. is a provider of mobile advertising platform services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-19 Handster

Northbrook, Illinois, United States

Handster, Inc. is a provider of white label mobile application store platform.

Buy -
Mergr

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