Iprospect cashes out for more than 40 million dollars

Iprospect one of the leading search engine marketing firm has cashed out, they are sold to Aegis a leading company who has been acquiring lots of quality companies lately,

News story in yahoo news,

Isobar Acquires iProspect to Create World’s Number One Search Engine Marketing Entity

Isobar, the global full service digital network created earlier this year by U.K. firm Aegis PLC, today announced it has acquired 100% of iProspect, the Original® Search Engine Marketing Firm. The news marks Isobar’s first acquisition in the U.S. market, and the 7th for Isobar globally in the past six months.

Source: biz.yahoo.com/prnews/041222/sfw009_1.html

How much they were cashed out information here

Aegis has acquired US internet search marketing agency iProspect.com in a deal that could net the founders of the firm $50m (£26m).

Aegis will pay an initial £16.7m with a further £9.4m deferred and payable over two years, subject to performance-related targets. IProspect will become part of Aegis Group’s digital media network Isobar, which has made a number of acquisitions over in the past six months, including Korean digital agency Agency W and Australian digital agency One Digital. Founded in 1996 and headquartered in Watertown, Massachusetts, iProspect is one of the pioneers in search engine marketing. Earlier this year, it was named among the top 50 fastest-growing companies by Inc.

Source: www.revolutionmagazine.com/News/index.cfm?fuseaction=ViewNewsArticle&ID=231352

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