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June 13, 2012 03:52 pm GMT
Email marketing company Constant Contact has acquired SinglePlatform, a startup that helps local businesses manage their online presence.The deal is for $65 million cash, plus a $5 million cash and equity earn out for employee retention, as well as another $30 million tied to revenue targets. Constant Contact CEO Gail Goodman says that to get the full revenue earn out, the SinglePlatform team would need to bring in about $75 million over the next two years.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sxt_S52qggM/
Constant Contact Acquires Business Listings Startup SinglePlatform, Deal Worth Up To $100M
Email marketing company Constant Contact has acquired SinglePlatform, a startup that helps local businesses manage their online presence.The deal is for $65 million cash, plus a $5 million cash and equity earn out for employee retention, as well as another $30 million tied to revenue targets. Constant Contact CEO Gail Goodman says that to get the full revenue earn out, the SinglePlatform team would need to bring in about $75 million over the next two years.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sxt_S52qggM/
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