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Announced

Completed

Clearlake Capital and Siris-backed Constant Contact completed the acquisition of SharpSpring for c.$240m.

Financials

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Transaction Value£172m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium21%
One Off Charge-

Tags

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Majority

Software

Public

Acquisition

Private Equity

marketing solutions

United States

Domestic

Friendly

Completed

Synopsis

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Clearlake Capital and Siris-backed Constant Contact, a marketing company, completed the acquisition of SharpSpring, a provider of cloud-based marketing solutions, for c.$240m. "Constant Contact and SharpSpring share a mission to help small businesses succeed, and this acquisition represents a powerful opportunity to combine our best-in-class email and eCommerce offerings with SharpSpring's strong suite of revenue growth and marketing automation tools. Today's Constant Contact retains the customer-first culture that defined our heritage, and I am excited to expand upon that with a commitment to innovation that will accelerate our growth and build upon the passion and agility that has made our brand a leader in digital marketing for so many years," Frank Vella, Constant Contact CEO.

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