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Sizmek announced today that is being bought by Vector Capital, for 122 Million Dollars. Vector Capital is acquiring all the stock for 3.90 dollars per share, in cash.
Sizmek, a company on Nasdaq, will become a privately held company. According to the CEO of Sizmek, this will allow “to move and innovate more rapidly” to meet the needs of the clients.
Sizmek also announced today the results of the second quarter, with a revenue increase of 22%, and a reduction of the Net Loss (of 87%) to 1 million dollars.
Neil says that Sizmek is “committed to drive profitable growth across our product portfolio, especially in programmatic, mobile and analytics.”
Programmatic and Mobile are the core products with faster growth on revenue.