NEWS16 December 2010
All MRS websites use cookies to help us improve our services. Any data collected is anonymised. If you continue using this site without accepting cookies you may experience some performance issues. Read about our cookies here.
NEWS16 December 2010
US— Rumours are circulating that online community builder Communispace is in the market for a buyer, with a reported $100m price tag around its neck.
AdAge quotes “industry executives familiar with the negotiations” reporting that venture capital firms, technology companies and marketing agency holding companies have all taken a look at the business, with only Omnicom being named.
“We don’t comment on rumours,” said Communispace CEO Diane Hessan (pictured) when Research sought to gauge the veracity of the report.
The firm, based in Massachusetts, has been in business since 1999. In August it reported a 29% increase in first-half revenue, with sales hitting $22.5m, up from $17.4m in the same period last year.
Communispace’s website lists Best Buy, Coca-Cola, Heinz, MTV, Philips and Unilever as clients, among others.
0 Comments