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June 26, 2006
Zanox Acquires eProfessional
Berlin-based Zanox, an enabler of affiliate marketing for ecommerce firms has acquired Hamburg-based eProfessional for its search engine optimization technologies for about €20M.
The founders of the acquired company, Christian Petersen and Michael Schelandhave, signed on for at least three years post-acquisition.
eProfessional had raised a small amount VC about six years ago from bmp, a German publicly traded venture fund.
This is Zanox's second acquisition in recent months. It is rumored to be mulling an IPO or getting itself acquired for a €200M plus valuation.
Read - Berliner ZANOX.de AG erwirbt Hamburger eprofessional GmbH (gsc research)
Read - Zanox gets a price estimate (alarm:clock euro)
Posted on June 26, 2006 07:45 PM | Posted to Advertising | News And Updates | Permalink
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