M&A Deal Summary

SNAP Interactive Acquires A.V.M. Software

On September 11, 2016, SNAP Interactive acquired internet software and services company A.V.M. Software

Acquisition Highlights

This is SNAP Interactive’s 1st transaction in the Internet Software and Services sector.
This is SNAP Interactive’s 1st transaction in the United States.
This is SNAP Interactive’s 1st transaction in New York.

M&A Deal Summary
Date	2016-09-11
Target	A.V.M. Software
Sector	Internet Software and Services
Buyer(s)	SNAP Interactive
Deal Type	Merger

Target

A.V.M. Software

Jericho, New York, United States

Paltalk is a provider of real-time, rich media, interactive social networking applications with more than 200 million registered users around the world. Paltalk is available on PC, Mac, iOS, Android and tablet devices. The Paltalk portfolio of products powers one of the world's largest collection of video-based communities, with thousands of live group conversations on topics such as Politics, Financial Markets, Music and Dating. Paltalk through a long history of technical innovation owns a portfolio of 25 patents. The Paltalk patents protect the company's proprietary technology platform that enables server group messaging for interactive applications on the internet. The technology has many applications, including online multiplayer video games and video conferencing. Paltalk was founded in 1998 and is based in New York City.

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