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May 23, 2007
Zanox Sold For €214.9M - Berlin's Hot
Affiliate marketing startup Zanox, has been acquired by Swiss PubliGroupe and German media company Axel Springer for €214.9M plus an additional undisclosed performance related payment. It took less than a year for Zanox, which grew into a hundred million a year company within six years and without the aid of VC, although it did raise an undisclosed single digit million euro amount from unnamed Asian private investor in 2005, to be acquired after making sure the business press knew it was looking for a buyer.
It is a good time to be an online advertising sector wonderteam. Thomas Hessler, Heiko Rauch, Jens Hewald
Springer will own 60 percent and 40 percent if the deal is approved by regulatory authorities.
Zanox Quick Facts
Founded: 2000
Based in: Berlin
Annual Sales: 2006 €107 million up from €59 million in 2005 (EBITDA up from €4M to €8M).
Employees: 250
Business: Affiliate marketing ( performance based marketing)
Smart Ideas: the Zanox Academy to wine, dine, and make happy premium partners
Recent acquisitions: FreeNetwork out of Sweden and Hamburg-based eProfessional, FirstCoffee in France
We note that Berlin startups are hot acquisitions targets - others include StudiVZ, TwonkyVision, Gate5, and Jamba.
But How Do Tech Teams Get Any Work Done with So Many Cool Places to Chill At(image source:Bangaluu)
Read: Zanox up for sale? (alarm:clock euro)
Posted on May 23, 2007 04:45 AM | Posted to News And Updates | Permalink
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