Well apparently the adage “everyone has a price” is shown to be true again. It appears that eSellerate (Mindvision and makers of install VISE) have sold to Digital River.
I don’t yet know the price, and it doesn’t appear that DR has made a public announcement, but I do have to say I’m surprised. Steve Kiene (the former owner of eSellerate) was pretty adamant that he would not ever sell to Digital River, it will be interesting to hear the details of the offer.
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I’ve received a number of queries from stock holders and others in the software industry requesting confirmation of the sale. As I’ve done in the past, I’ve spoken with Digital River and provided a list of questions related to the acquisition. While the list will understandably take a few days for Digital River to respond to, they have forwarded me the following answers to basic questions:
Questions presented to Brant Pallazza of Digital River’s Shareware division
Q: Did Digital River acquire eSellerate?
A: Yes.
Q: Why wasn’t it a (more…)
In the list of questions I forwarded to Brant some of those questions were for Steve Kiene. While I am still hopeful Steve will personally respond to those queries I was forwarded a copy of the following blog post:
Yes, it is true that I said I would never sell to DR. In fact, I was quite adamant when I said that. What has changed since I said that are many things. What has not changed is my loyalty to my employees or the customers of esellerate. I have always tried to provide the best environment I could for my employees- a place where they could feel at home, where they could make (more…)
Tucows Inc. today announced that it has entered into an agreement to acquire Mailbank.com Inc. (doing business as NetIdentity), a privately held, profitable business owning and managing a domain name portfolio that Tucows believes is one of the Internet’s largest collections of surname addresses.
Consideration for the transaction will be approximately US$18 million payable in cash, promissory notes and the issue of approximately 3,603,000 shares of common stock to the stockholders of NetIdentity. Tucows expects this acquisition to add between US$3 and (more…)
