Internet Capital Group leads acquisition of GovDelivery

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ACQUISITION 
FDN Database Reference:  F231109-291
 
Acquirer:  Internet Capital Group, Inc. (Nasdaq: ICGE)
ACQ Web:  http://www.internetcapital.com
Location:  USA, Wayne, PA
Region:  North America
Description:  Internet Capital Group acquires and builds Internet software companies that drive business productivity and reduce transaction costs between firms.
Category:  Private equity
Contact 1:  Walter Buckley, CEO
Contact 2:  Doug Alexander, President

Vendor:  GovDelivery, Inc.
Vendor Web:  http://www.govdelivery.com
Location:  USA, St. Paul, MN
Region:  North America
Description:  GovDelivery is the leading provider of government-to-citizen communication solutions.
Category: Communications
Contact:  Scott Burns, CEO and co-founder
 
Aprox. Value:  $19.7 million for 89% ownership
 
Details:  Internet Capital Group, Inc. (Nasdaq: ICGE) today announced that, together with management,  it has acquired GovDelivery, Inc.
 
Link: Press Release

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