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Announced

Completed

Argentum Capital-backed SmartCommerce completed the acquisition of Basketful.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

application software

Friendly

ecommerce platform

E-commerce

Completed

Acquisition

United States

Private Equity

Domestic

Majority

Synopsis

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Argentum Capital-backed SmartCommerce, a developer of a click-to-purchase shopping cart platform, completed the acquisition of Basketful, a developer of a shopping platform. Financial terms were not disclosed. "When brands make it easy for consumers to get what they want, Marketing doesn’t have to be a spending treadmill - it can instead build a connected audience that is an annuity for a brand. Basketful brings strong reach and visibility tools that help make Marketing work both harder and longer for CPG and FMCG brands, and we’re thrilled to be able to bring more of those to our clients,” Jennifer Silverberg, SmartCommerce CEO.

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