deals, e-commerce, VC
E-Dialog Acquired For $157 Million
Robert Buderi 1/25/08
Lexington, MA-based e-mail marketing solutions provider e-Dialog has reached an agreement to be acquired by e-commerce company GSI Commerce of King of Prussia, PA. The $157 million deal includes $147.8 million in cash and $9.2 million in restricted GSI Commerce shares. E-Dialog, founded in 1997, has taken in some $20 million in venture funding from companies that include Flagship Ventures and Commonwealth Capital Ventures.
Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926, or follow him on Twitter at http://twitter.com/bbuderi.
1/28/08 11:13 am
[...] – Neither GSI Commerce nor E-Dialog is well known locally, but the acquisition price should turn some heads for its investors, which include Flagship Ventures and Commonwealth Capital Ventures. The company had taken about $20 million in funding, according to Xconomy. [...]
1/28/08 11:13 am
[...] – Neither GSI Commerce nor E-Dialog is well known locally, but the acquisition price should turn some heads for its investors, which include Flagship Ventures and Commonwealth Capital Ventures. The company had taken about $20 million in funding, according to Xconomy. [...]