ExactTarget – ET – Acquires iGoDigital
NYSE:ET) announced it has acquired privately-held iGoDigital, bringing advanced Website solutions and predictive analytics to ExactTarget’s cross-channel interactive marketing platform.
ExactTarget paid $21.0 million in total consideration for iGoDigital, consisting of $14.7 million in cash and $6.3 million in ExactTarget common stock. Indianapolis-based iGoDigital will lead ExactTarget’s expanded Web product line under the leadership of iGoDigital Founder and President Eric Tobias.
“Consumers expect a seamless experience across every interaction with a brand,” said Scott Dorsey, ExactTarget co-founder and chief executive officer. “With the addition of iGoDigital’s advanced Web capabilities and predictive analytics to the ExactTarget platform, we will continue to revolutionize marketing with a powerful suite of new applications to transform data into highly personalized, seamless experiences across email, mobile, social media and the Web.”
Founded in 2004, iGoDigital is a leading provider of Web personalization solutions that deliver predictive, real-time product recommendations and online guided selling experiences. iGoDigital’s software-as-a-service platform provides clients a complete solution to observe and analyze online behavior and ask explicit questions through its guided selling application to develop highly accurate customer profiles that can power cross-channel personalization and optimization. Eight of the top 10 online retailers and many of the world’s top brands harness the power of iGoDigital’s solutions, including Staples, Wal-Mart, P&G, Lids and Scholastic.
“iGoDigital is revolutionizing the online experience by providing consumer brands a powerful and intuitive solution to transform what they know about a consumer into a highly targeted and relevant online experience,” said Tobias. “As a part of ExactTarget, we can provide our clients even greater levels of innovation by bringing together the best of our Web and predictive analytics capabilities with ExactTarget’s cross-channel interactive marketing platform.”
The announcement of ExactTarget’s acquisition of iGoDigital is one of two acquisitions announced today. ExactTarget also announced the acquisition of Atlanta-based marketing automation provider Pardot.
About iGoDigital
iGoDigital is a leading provider of Web personalization solutions that deliver accurate, predictive and actionable real-time product recommendations and online guided selling experiences. iGoDigital’s software-as-a-service personalization solutions power 8 of the top 10 online retailers and many of the world’s most successful brands, including Staples, Wal-Mart, P&G, Lids and Scholastic. iGoDigital is headquartered in Indianapolis, Indiana.
About ExactTarget – ET
ExactTarget (ET) is a leading global provider of email marketing and cross-channel interactive marketing software-as-a-service solutions that empower organizations of all sizes to communicate with their customers through email, mobile, social media and websites. ExactTarget’s powerful suite of integrated applications enable marketers to plan, automate, deliver and optimize data-driven interactive marketing and real-time communications to drive customer engagement, increase sales and improve return on marketing investment. Headquartered in Indianapolis, Indiana with offices across North America and in Europe, South America and Australia, ExactTarget (ET) trades on the New York Stock Exchange.
More Posts by this author
- J.B. Hunt Transport Shares Rally on Q3 Results (JBHT)
- Gold Prices Settle Lower
- Stocks End on a Mixed Note
- Gold Prices Lower; Silver Prices also in Red
- Stocks in Red in Late Trading
- Wells Fargo & Company – WFC – Record net income of $4.9 billion, up 27 percent
- ExactTarget – ET – Acquires iGoDigital
 |
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
|
