IncrediMail Acquires Smilebox for $40,000,000

  • Feed Type
  • Date
    8/1/2011
  • Company Name
    Smilebox
  • Mailing Address
    15809 Bear Creek Parkway Redmond, WA 98052
  • Company Description
    Smilebox makes it easy to connect with friends and family in a more creative and compelling way. Unlike existing solutions that focus on organizing, editing and sharing photos or sending pre-packaged greetings, Smilebox enables users to create something truly powerful by choosing from hundreds of unique multimedia designs, easily personalizing them with their photos, music, words and style and then sharing them via email, blog, or print.
  • Website
    http://www.smilebox.com
  • Transaction Type
    M&A
  • Transaction Amount
    $40,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, IncrediMail will pay $25 million substantially in cash at closing, with additional payments of up to $15 million, if certain milestones and performance based conditions are met, payable in two installments on the seven and 14 months anniversary from closing.