Local.com Corporation is to acquire the assets of Rovion, a wholly-owned subsidiary of DigitalPost Interactive.
Rovion is a rich media advertising company which sells, creates, delivers and tracks rich media advertising including animated and video-based ads for local and national advertisers, including CBS Radio, Cisco and LendingTree.
Under the terms of the agreement, Local.com will acquire the assets of Rovion for $1.5 million in cash with an earnout of up to $7 million in cash and/or stock if certain performance criteria are met in the three-year period following the closing. The transaction is expected to close within approximately 90 days.
USA, Irvine, CA
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