Adknowledge Buys MIVA Media Unit for $11.6 MillionAuthored by Mark Hefflinger on March 13, 2009 - 8:06am.
Kansas City,
Mo. - Adknowledge, a provider of
behavioral online advertising services, announced that it has acquired the media
division of online performance ad network MIVA, for about $11.6 million.
MIVA Media was founded in 1999, and includes the Espotting and Findwhat.com brands. The deal represents Adknowledge's fifth acquisition in the last 18 months; among the company's other purchases were Cubics, Lookery and Adonomics.com. Founded in 2003, Missouri-based Adknowledge counts over 50,000 advertiser clients for its service, which aims to connect them with consumers across email, search, messaging, domain and social networks.
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