Progress Partners Advises Acquisio on Sale to Web.com
Acquisio is a Machine Learning and marketing platform optimizing search for local SMB resellers and agencies
BOSTON, MA and NEW YORK, NY – November 16, 2017 – Progress Partners, a Boston and New York-based M&A advisory firm, is pleased to announce that it has advised Acquisio, a leading local business software provider for online advertising management, on its sale to Web.com, a leading global provider of Internet services and online marketing solutions for small businesses.
“We are excited to be deepening an already strong relationship with the team at Web.com,” said Alex Blum, Executive Chairman of Acquisio. “Web.com’s extensive reach in the small and medium-sized business (SMB) space, along with their existing technology, makes it a perfect home for our platform and will enable Acquisio to accelerate the already strong momentum that we have seen this year. This is an exciting move for Acquisio’s management and employees, and we’re thrilled to formally join such a strong group of professionals.”
“Progress Partners is excited to announce the close of this transaction and we look forward to seeing Acquisio and Web.com move forward in the SMB market,” said Chris Legg, Senior Managing Director at Progress Partners. “Acquisio is a natural extension for Web.com, and we have enjoyed putting these two strong SMB assets, Web.com and Acquisio, together. We wish them continued success and see the deep value they offer the marketplace as a single entity.”
"Progress Partners ran a tight process as advisors to Acquisio, proving themselves to be a strong firm with deep industry experience," noted Greg Wong, Senior Vice President, Corporate Development and Head of Global M&A at Web.com. "Chris and the team at Progress Partners were a pleasure to work with on this transaction."
To read Web.com's entire press release, "Web.com Announces Acquisition Of Acquisio, a Leader in Online Marketing Artificial Intelligence," please click the link here.
Acquisio, a Web.com company, empowers SMBs to thrive in the digital economy by facilitating customer acquisition using ad platforms such as Google AdWords, Facebook Ads, and Bing Ads. Small business owners and small business resellers benefit from Acquisio's advanced data science tools to automate, optimize, and scale most of the processes involved in acquiring new customers online. For more information, please visit www.acquisio.com.
About Progress Partners:
Progress Partners is a Boston and New York-based M&A advisory firm working with emerging technology companies within media, marketing, advertising sectors, serving SMB through Enterprise. Progress Partners works with buyers and sellers of high growth companies to complete M&A transactions, raise debt or equity capital, as well as, develop and implement strategic growth plans. The firm's high standards of excellence, deep industry experience, extensive network, and entrepreneurial background give Progress Partners the ability to build and realize superior value for its clients. Securities offered by Applied Capital, LLC, member of FINRA and SIPC. For more information, please visit www.progresspartners.com.