Wednesday, April 27, 2011

ValueClick buys Greystripe for $70M

http://www.bizjournals.com/sanfrancisco/news/2011/04/25/valueclick-buys-greystripe-for-70m.html?ana=yfcpc

San Francisco-based Greystripe, which operates a brand-focused mobile ad network, had raised $18.1 million in four funding rounds.
ValueClick (NASDAQ: VCLK) said it has retained Greystripe's employees and management team. The business which will be operated as a wholly owned subsidiary.
ValueClick, which is based in Westlake Village, expects Greystripe to contribute $24 million to $26 million to its revenue for the remainder of this year.