That represents a 27.2% premium to Active Network's Friday closing, the most recent trading day. }); renderslot(path,'[336,280]', 'div-gpt-ad-native-ad-1','native-ad-1'); ACTIVE Network, leaders in Activity and Participant Management and data solutions, recently acquired IPICO Sports - designers, developers, and marketers of pioneering timing systems for sports applications and fitness testing. Active Network, LLC, is an American multinational corporation headquartered in Dallas, Texas, that provides software as a service for activity and participant management. renderslot(path,'[[970,66],[970,90]]', 'div-gpt-ad-Top1','Top1'); j=d.createElement(s),dl=l!='dataLayer'? ACTIVE Network Internet SaaS Software Sports Sports Technology Our technology powers the world's activities. HY-TEK Sports Software acquired by Active Network . DLA Piper LLP (US) is acting as Active’s legal advisor. BofA Merrill Lynch is serving as financial advisor to Vista. Education Deals; Finance Deals; Healthcare Deals; Media & Marketing Deals; Consumer Deals Vista Equity Partners . “We believe the partnership with Vista will position us to execute on our strategy and further enhance our industry leadership. renderslot(path,'[1,1]', 'div-gpt-ad-360e-Outstream','360e-Outstream'); The Active Network, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report Project Synopsis: MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. ACTIVE Network to be Acquired by Vista Equity Partners ACTIVE Network Stockholders to Receive $14.50 per Share in Cash in Transaction Valued at Approximately $1.05 Billion SAN ACTIVE also makes it easy to learn and prepare for all the things you love to do with expert resources, training plans and fitness calculators. Stay Connected. ACTIVE Network Stockholders to Receive $14.50 per Share in Cash in Transaction Valued at Approximately $1.05 Billion ... | September 30, 2013 gtag('js', new Date()); active network: An active network is a network in which the node s are programmed to perform custom operations on the messages that pass through the node. Active expects the transaction to close before the end of the fourth quarter this year, at which point it will become a privately held company. renderslot(path,'[[320,50],[300,50]]', 'div-gpt-ad-mobile-Mobile-Bottom','Mobile Bottom'); Designed by Elegant Themes | Powered by WordPress, The North Face Partners with Intersport to Boost European Sales, IIC-Intersport International GmbH Names Spain’s Puig to Board, Golfsmith to Meet Sales Guidance, to Miss Net Income…, SFIA National Health Through Fitness Day Garners Bipartisan Support, Far Bank Enterprises Announces Promotions, Q&A With Erik Burbank, KEEN’s VP KEEN Effect, G-Form Announces New Canadian Sports Distributor, Product Preview And Launch Day To Kick Off Virtual PGA Merchandise Show Week, Organizational Development Continues Within The Ironman Group, American Pacific Group Completes Acquisition Of Eu Natural, US Sports Camps Announces Launch Of Nike Pickleball Camps, Retail Sales Drop In December For Third Straight Month, NRF Says 2020 Holiday Sales Grew 8.3 Percent Despite Pandemic, SAYA Turns Deadstock Into High-Tech Fiber. function setupDFPSlots(path,breakpoint){ Vista Equity Partners has agreed to pay $1.05 billion in cash for Active Network, which is used by millions of people to register in races, reserve camp sites and enroll in sports leagues. function initNTGOTags(){ function gtag(){dataLayer.push(arguments);} (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': All Rights Reserved. In acquisition news: Global Payments reached a deal to acquire a unit of ACTIVE Network from Vista Equity Partners, paying $1.2 billion in cash and stock. What's your ACTIVE? … Active expects the transaction to close before the end of the fourth quarter of 2013. Apr 11, 2017 . Acquired by . renderslot(path,'[[100,600],[200,800]]', 'div-gpt-ad-Panel-Ad-1','Panel Ad 1'); Active’s board endorsed the offer, recommending that… History. window.dataLayer = window.dataLayer || []; renderslot(path,'[[100,600],[200,800]]', 'div-gpt-ad-Panel-Ad-2','Panel Ad 2'); Active Network . initOASAd(true); //init ads, Copyright © 2021 by Northstar Travel Media LLC. The outdoors division of ACTIVE Network will reportedly be retained by Vista Equity Partners. Third-quarter earnings should be announced Oct. 30, although Active won't hold a conference call to discuss them. })(window,document,'script','dataLayer','GTM-W7MJ4C'); ACTIVE Network is a leading provider of cloud-based, enterprise software solutions. ACTIVE Network announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners in an all cash transaction valued at approximately $1.05B. Leading private equity firm Vista Equity Partners, which holds investments in software, data and technology-enabled businesses, originally acquired ACTIVE in 2013. The company will become privately run by the end of this year. 1999 Raised. renderslot(path,'[280,49]', 'div-gpt-ad-Article-Sponsor','Article Sponsor'); Active Network was acquired by Vista Equity Partners for $1.1B on Sep 30, 2013. “Active Network’s leadership position in cloud-based Activity and Participant Management (APM) solutions make it a highly attractive investment for us,” said Robert F. Smith, CEO and founder of Vista Equity Partners, a U.S. based private equity firm that has more than $7 billion in capital invested in technology-based companies. . For our customers, we will continue to focus on delivering the strongest product offerings through our advanced technology platform,” concluded Mr. Belmonte. renderslot(path,'[[320,100],[336,280]]', 'div-gpt-ad-native-ad-MP','native-ad-MP'); Active Network’s technology platform is used to manage all types of activities, events and organizations. renderslot(path,'[336,280]', 'div-gpt-ad-mobile-native-ad-2','native-ad-2'); Vista is a leading private equity firm focused on investments in software, data and technology-enabled businesses. Meetings technology provider Active Network, which owns StarCite, will be acquired by a private equity firm, the company announced. if (breakpoint==""){ "We are looking forward to working with the Active team and continuing to drive the next phase of Active's growth," said Vista CEO and founder Robert F. Smith in a statement. Our Network of Technology and Business Partners Activeo relies on a network of reliable and committed business partners who are committed to ensure that the solutions achieve client goals in the newer areas of Contact Centers; those skills combined with years of experience in this specialized market have enabled Activeo to provide innovative solutions with […] Active Network . You can return to this list any time via the navigation menus at the top of the page. The company serves more than 55,000 customers globally. ACTIVE's management software supports a range of clients including: races, nonprofits, outdoor activities, camps, sports, schools, and universities. Vista Equity Partners, which focuses on investments in software, data and technology, will purchase the company for approximately $1.05 billion in cash. Founded in 1999, the company is is headquartered in San DiegoVista Equity Partners has offices in San Francisco, Chicago and Austin and invests in companies run by “world-class management teams with long-term perspective.” Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. } TeamPages . renderslot(path,'[970,250]', 'div-gpt-ad-Billboard','Billboard'); Meetings technology provider Active Network, which owns StarCite, will be acquired by a private equity firm, the company announced. renderslot(path,'[[320,50],[300,50]]', 'div-gpt-ad-mobile-Mobile-Top','Mobile Top'); “This announcement represents a very positive event for our stockholders and allows Active to build on its success to date,” said Jon Belmonte, Interim CEO of Active Network. 100 Lighting Way, Secaucus, NJ 07094-3626 USA Telephone: 201 902-2000. Public Enterprise Group . This deal was done in Cash. Burnaby, BC, April 27, 2017--ACTIVE Network®, developers of a global marketplace for activities and events and an industry-leading provider of intelligence solutions, announced that it has acquired Vancouver-based TeamPages. Apr 5, 2005 . gtag('config', 'UA-11736023-1'); renderslot(path,'[[320,100],[336,280]]', 'div-gpt-ad-mobile-native-ad-MP','native-ad-MP'); Kirkland & Ellis LLP is acting as Vista’s legal advisor. Vista Equity Partners, which focuses on investments in software, data and technology, will purchase the company for approximately $1.05 billion in cash. olytics.fire({behaviorId:'5235F5789912A4E',category:'News',tag:'News,Meetings Technology,HP Carousel' Public Enterprise Group acquired by Active Network . Try Pro Free . Suggest edits Founded. OAS_sitepage = '/news'; new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], ACTIVE Network, the global cloud-based event registration firm, has announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners. renderslot(path,'[728,90]', 'div-gpt-ad-Bottom','Bottom'); “Active Network’s leadership position in cloud-based Activity and Participant Management (APM) solutions make it a highly attractive investment for us,” said Robert F. Smith, CEO and founder of Vista Equity Partners, a U.S. based private equity firm that has more than $7 billion in capital invested in technology-based companies. renderslot(path,'[336,280]', 'div-gpt-ad-native-ad-2','native-ad-2'); TeamPages acquired by Active Network . if (breakpoint=="mobile"){ OAS_site = 'mc'; “ACTIVE’s strategic acquisition of Virtual Event Bags reaffirms our commitment to delivering a powerful, comprehensive event management and data insights platform that helps our customers across all markets reach their full commercial potential,” said Darko Dejanovic, chief executive officer at ACTIVE Network. Active's board of directors voted unanimously to accept the offer, which equates to $14.50 per share or 111 percent of the year-to-date average closing price. console.log('olyitics fire'); Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. BofA Merrill Lynch, RBC Capital Markets, and BMO Capital Markets Corp. have agreed to provide debt financing in connection with the transaction. HY-TEK Sports Software . ACTIVE Network is on a mission to make the world a more active place. Active Network plans to release its third quarter earnings after market close on Wednesday, Oct. 30 and does not intend to hold a conference call to discuss earnings given the announced sale of the company. ACTIVE is the leader in online event registrations from 5k running races and marathons to softball leagues and local events. renderslot(path,'[[300,250],[300,600]]', 'div-gpt-ad-Right1','Right1'); For example, a node could be programmed or customized to handle packet s on an individual user basis or to handle multicast packets differently than other packets. } OAS_query = '&'; “We are looking forward to working with the Active team and continuing to drive the next phase of Active’s growth.”. The Active Network Inc acquired InfoSpherix Incorporated. Active Network . With deep expertise in activity and participant management™, our ACTIVE Works® cloud technology and online event registration software powers the world’s activities and connects people with … Citi is serving as financial advisor to Active. Vancouver-based TeamPages Acquired by ACTIVE Network to Expands Technology Portfolio For Sports Market. renderslot(path,'[336,280]', 'div-gpt-ad-native-ad-3','native-ad-3'); $213.9M Follow us. Active Network acquired by Vista Equity Partners . Virtual Event Bags . Posted by Charlie Lunan | Sep 30, 2013 | Footwear, Footwear Supplier, Footwear Vendor, Outdoor, Outdoor Supplier, Outdoor Vendor, Uncategorized, Update. ACTIVE Network Stockholders to Receive $14.50 per Share in Cash in Transaction Valued at Approximately $1.05 Billion. OAS_site_mobile = 'mcmobile'; On-duty Mon - Fri 9am - 5pm CT. renderslot(path,'[[30,50],[728,90],[970,250]]', 'div-gpt-ad-Top','Top'); Active Network General Information Description. } '&l='+l:'';j.async=true;j.src= “While best positioning ReserveAmerica for … They are known for practicing Dark UX subscription tactics. Active Network is a global marketplace for activities and events, connecting participants and activity organizers while offering actionable business intelligence through data solutions and insights platform. Event management software maker Active Network Inc will be acquired by private equity firm Vista Equity Partners in a deal valued at about $904 million, a … 8. renderslot(path,'[336,280]', 'div-gpt-ad-mobile-native-ad-1','native-ad-1'); Virtual Event Bags acquired by Active Network . Together with equity previously acquired, IAC will own approximately 9 percent of The Active Network. Dec 7, 2015 . renderslot(path,'[336,280]', 'div-gpt-ad-mobile-native-ad-3','native-ad-3'); OAS_IsHome = false; The Active Board of Directors unanimously recommends that Active stockholders tender their shares in the tender offer. 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); renderslot(path,'[[300,250],[1,1]]', 'div-gpt-ad-Right2','Right2'); 7. OAS_accountid = '94102080'; Under the terms of the agreement Vista will commence a tender offer to acquire all of the outstanding shares of Active’s common stock for $14.50 per share in cash, representing a premium of approximately 111 percent to Active’s year to date average closing stock price. "Operating under a strong management team, ReserveAmerica will now be able to better serve its passionate community in partnership with Active, a more natural fit for the business,” said Thomas McInerney, Chief Financial Officer of IAC. Transaction Name . Merger and Acquisitions: The Active Network Inc acquired StarCite Inc Upon the completion of the transaction, Active will become a privately held company. FAA Steps Up Enforcement Against Unruly Airline Passengers, Once a Model, California Now Struggles to Tame Covid-19, Some Businesses Thrived, Many Lagged During the Pandemic in 2020. The ACTIVE deal was ‘an all cash transaction valued at approximately $1.05 billion.’ Announced Date Sep 30, 2013; Price $1.1B; Get the most out of Crunchbase . Event management software maker ACTIVE Network is being acquired by private equity firm Vista Equity Partners.Vista will commence a tender offer to acquire all of Active Network’s common stock for $14.50 a share. 6. } ACTIVE Network 4061. In 2013 and continuing to drive the next phase of Active Network active network acquired which owns,. Network Stockholders to Receive $ 14.50 per Share in Cash in transaction Valued at approximately $ 1.05 Billion used! 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