M&A Deal Summary

US Interactive Acquires Digital Evolution

On June 15, 1998, US Interactive acquired information technology company Digital Evolution

Acquisition Highlights
  • This is US Interactive’s 1st transaction in the Information Technology sector.
  • This is US Interactive’s 1st transaction in the United States.
  • This is US Interactive’s 1st transaction in North Dakota.
Investment Fate
  • Digital Evolution went bankrupt in 2001.

M&A Deal Summary

Date 1998-06-15
Target Digital Evolution
Sector Information Technology
Buyer(s) US Interactive
Deal Type Add-on Acquisition

Target

Digital Evolution

Fargo, North Dakota, United States
Digital Evolution is the second company of the same name founded by Pulier. In 1994, Pulier started a company to help others incorporate emerging Internet standards into IT systems. The first Digital Evolution was bought in 1998 by Philadelphia-based US Interactive Inc., which filed for bankruptcy in January 2001.

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Buyer(S) 1

Buyer

US Interactive

Santa Clara, California, United States

Category Company
Sector Information Technology
DESCRIPTION

US Interactive was a provider of digital/web business solutions.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Dakota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Digital Evolution

Fargo, North Dakota, United States

Digital Evolution is the second company of the same name founded by Pulier. In 1994, Pulier started a company to help others incorporate emerging Internet standards into IT systems. The first Digital Evolution was bought in 1998 by Philadelphia-based US Interactive Inc., which filed for bankruptcy in January 2001.

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