Akamai Technologies has signed an agreement to acquire acerno for approximately $95 million in cash, subject to certain closing adjustments. The transaction is expected to be completed later this quarter. The acquisition of acerno, an online cooperative of shopping and purchase data for enabling online advertising, is expected to enhance Akamai’s Advertising Decision Solutions, a new product line also being announced. The Jordan, Edmiston Group, Inc., a provider of independent investment banking services for media, information, marketing services, and related technologies represented acerno in this transaction and acted as its exclusive financial advisor.
(www.acerno.com, www.akamai.com, www.jegi.com)