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NEWS6 July 2010

Sysomos coy on reports of acquisition by Marketwire

M&A North America

CANADA— Social media monitoring and analysis firm Sysomos is keeping tight-lipped over reports that it has been acquired by PR distribution service Marketwire.

Online news site Startup North reported that Marketwire had struck a deal to buy Sysomos, which specialises in using text analytics and data mining to analyse discussions on social media sites.

But when contacted by Research a Sysomos spokesman said: “We have no comment to make but will be making an announcement soon.”

Marketwire had not returned calls to comment at the time of publication.