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Announced

Completed

SoftBank Group-backed Geniee completed the acquisition of Zelto.

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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United States

web publishers tools

Software

Acquisition

Majority

Single Bidder

Cross Border

Private

Private Equity

Completed

Friendly

Synopsis

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SoftBank Group-backed Geniee, a marketing technology company that develops and provides solutions that lead to the resolution of various issues, such as increasing corporate earnings and improving productivity, completed the acquisition of Zelto, a provider of tech solutions and products to assist web publishers. Financial terms were not disclosed. "This announcement is not only an extension of our long standing relationship with Geniee, but a true testament to the value we have provided to our customers in North America and India. As part of this partnership, we look forward to working with Geniee as a stronger global organization towards our common purpose and mission," Ankit Oberoi, Zelto CEO & Founder.

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