Compete acquired by TNS for up to $150M
Taylor Nelson Sofres plc (TNS), a world leader in market information and insight, announces that it has agreed to acquire Compete, Inc., a leading digital intelligence company, for an initial cash consideration of US$75 million.
Compete’s revenue for the year ended 31 December 2007 was $14.9 million, over 50 per cent higher than in the previous year. Gross assets at that date were $11.2 million. The company made a loss of $4.5 million in 2007, as it invested in building its panel and industry expertise. Dependent on the achievement of demanding revenue performance targets, deferred cash payments will be payable in 2008-2010, up to a maximum of $75 million.
http://www.tnsglobal.com/investor-relations/news/news-E4DA1FFE67594CB6A72742C5A415BD1B.aspx
Compete’s revenue for the year ended 31 December 2007 was $14.9 million, over 50 per cent higher than in the previous year. Gross assets at that date were $11.2 million. The company made a loss of $4.5 million in 2007, as it invested in building its panel and industry expertise. Dependent on the achievement of demanding revenue performance targets, deferred cash payments will be payable in 2008-2010, up to a maximum of $75 million.
http://www.tnsglobal.com/investor-relations/news/news-E4DA1FFE67594CB6A72742C5A415BD1B.aspx
posted by Dissero (www.dissero.com) at 2:41 PM
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