Sizmek (SZMK) Reports Q2 Loss of $0.04
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Sizmek Reports Second Quarter 2016 Results
August 3, 2016 6:06 AM EDT
Q2 Revenue of $48.9 million, a 22% Increase; Core Products Revenue Increases 47%Â Q2 Net Loss Improves 87% to $1.0 millionAdjusted EBITDA1Â Grows 88% to $5.5 million
AUSTIN, Texas, Aug. 03, 2016 (GLOBE NEWSWIRE) -- Sizmek Inc. (NASDAQ: SZMK), a global ad management company that delivers multiscreen campaigns, today reported financial results for the second quarter ended June 30, 2016. Revenues for the three months ended June 30, 2016 increased 22% to $48.9 million compared to $40.2 million... More
Sizmek to be Acquired by Vector Capital
August 3, 2016 6:01 AM EDTAUSTIN, Texas, Aug. 03, 2016 (GLOBE NEWSWIRE) -- Sizmek Inc. (NASDAQ: SZMK) (Sizmek or the Company), a global open ad management company that delivers omnichannel campaigns, today announced that it has entered into a definitive agreement with affiliates of Vector Capital (Vector Capital or Vector), a technology-focused private equity firm, under which an affiliate of Vector will acquire all of the outstanding shares of Sizmek common stock for $3.90 per share in an all-cash tender offer (the Vector Agreement).
Vector Capital, founded in 1997, is a San Francisco-based private equity firm that partners with management teams to transform and grow... More
