renderslot(path,'[[300,250],[1,1]]', 'div-gpt-ad-Right2','Right2'); '&l='+l:'';j.async=true;j.src= Virtual Event Bags acquired by Active Network . Vista Equity Partners, which focuses on investments in software, data and technology, will purchase the company for approximately $1.05 billion in cash. Leading private equity firm Vista Equity Partners, which holds investments in software, data and technology-enabled businesses, originally acquired ACTIVE in 2013. Apr 5, 2005 . Transaction Name . This deal was done in Cash. OAS_accountid = '94102080'; 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. Acquired by . “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. window.dataLayer = window.dataLayer || []; That represents a 27.2% premium to Active Network's Friday closing, the most recent trading day. OAS_site = 'mc'; Active Network . Education Deals; Finance Deals; Healthcare Deals; Media & Marketing Deals; Consumer Deals function initNTGOTags(){ … renderslot(path,'[[970,66],[970,90]]', 'div-gpt-ad-Top1','Top1'); ACTIVE Network Stockholders to Receive $14.50 per Share in Cash in Transaction Valued at Approximately $1.05 Billion ... | September 30, 2013 if (breakpoint==""){ HY-TEK Sports Software . Suggest edits Founded. if (breakpoint=="mobile"){ Third-quarter earnings should be announced Oct. 30, although Active won't hold a conference call to discuss them. 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 console.log('olyitics fire'); renderslot(path,'[[300,250],[300,600]]', 'div-gpt-ad-Right1','Right1'); Posted by Charlie Lunan | Sep 30, 2013 | Footwear, Footwear Supplier, Footwear Vendor, Outdoor, Outdoor Supplier, Outdoor Vendor, Uncategorized, Update. } initOASAd(true); //init ads, Copyright © 2021 by Northstar Travel Media LLC. All Rights Reserved. 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. 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. 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. They are known for practicing Dark UX subscription tactics. . “We believe the partnership with Vista will position us to execute on our strategy and further enhance our industry leadership. Together with equity previously acquired, IAC will own approximately 9 percent of The Active Network. 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); renderslot(path,'[[320,50],[300,50]]', 'div-gpt-ad-mobile-Mobile-Top','Mobile Top'); function setupDFPSlots(path,breakpoint){ Virtual Event Bags . function gtag(){dataLayer.push(arguments);} 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 Network 4061. renderslot(path,'[728,90]', 'div-gpt-ad-Bottom','Bottom'); ACTIVE is the leader in online event registrations from 5k running races and marathons to softball leagues and local events. 8. “While best positioning ReserveAmerica for … ACTIVE Network is on a mission to make the world a more active place. new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], Active Network acquired by Vista Equity Partners . The ACTIVE deal was ‘an all cash transaction valued at approximately $1.05 billion.’ BofA Merrill Lynch, RBC Capital Markets, and BMO Capital Markets Corp. have agreed to provide debt financing in connection with the transaction. (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': OAS_site_mobile = 'mcmobile'; gtag('js', new Date()); 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. renderslot(path,'[[320,50],[300,50]]', 'div-gpt-ad-mobile-Mobile-Bottom','Mobile Bottom'); TeamPages . renderslot(path,'[280,49]', 'div-gpt-ad-Article-Sponsor','Article Sponsor'); 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. 100 Lighting Way, Secaucus, NJ 07094-3626 USA Telephone: 201 902-2000. "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. Active Network was acquired by Vista Equity Partners for $1.1B on Sep 30, 2013. 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. Active Network . On-duty Mon - Fri 9am - 5pm CT. The company will become privately run by the end of this year. ACTIVE Network Stockholders to Receive $14.50 per Share in Cash in Transaction Valued at Approximately $1.05 Billion. OAS_sitepage = '/news'; } Apr 11, 2017 . Announced Date Sep 30, 2013; Price $1.1B; Get the most out of Crunchbase . You can return to this list any time via the navigation menus at the top of the page. renderslot(path,'[336,280]', 'div-gpt-ad-mobile-native-ad-3','native-ad-3'); DLA Piper LLP (US) is acting as Active’s legal advisor. 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. Merger and Acquisitions: The Active Network Inc acquired StarCite Inc renderslot(path,'[[100,600],[200,800]]', 'div-gpt-ad-Panel-Ad-1','Panel Ad 1'); Dec 7, 2015 . 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 … renderslot(path,'[336,280]', 'div-gpt-ad-native-ad-3','native-ad-3'); Public Enterprise Group acquired by Active Network . Meetings technology provider Active Network, which owns StarCite, will be acquired by a private equity firm, the company announced. History. OAS_IsHome = false; 6. Try Pro Free . 7. renderslot(path,'[[320,100],[336,280]]', 'div-gpt-ad-mobile-native-ad-MP','native-ad-MP'); Citi is serving as financial advisor to Active. Active Network . 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. 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. “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. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. } gtag('config', 'UA-11736023-1'); ACTIVE Network is a leading provider of cloud-based, enterprise software solutions. 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 […] } OAS_query = '&'; “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. ACTIVE's management software supports a range of clients including: races, nonprofits, outdoor activities, camps, sports, schools, and universities. 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 … 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. renderslot(path,'[336,280]', 'div-gpt-ad-mobile-native-ad-2','native-ad-2'); The outdoors division of ACTIVE Network will reportedly be retained by Vista Equity Partners. 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. }); "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. “We are looking forward to working with the Active team and continuing to drive the next phase of Active’s growth.”. “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,'[1,1]', 'div-gpt-ad-360e-Outstream','360e-Outstream'); 1999 Raised. What's your ACTIVE? Kirkland & Ellis LLP is acting as Vista’s legal advisor. Upon the completion of the transaction, Active will become a privately held company. For our customers, we will continue to focus on delivering the strongest product offerings through our advanced technology platform,” concluded Mr. Belmonte. Active Network General Information Description. renderslot(path,'[336,280]', 'div-gpt-ad-native-ad-1','native-ad-1'); $213.9M Follow us. renderslot(path,'[[100,600],[200,800]]', 'div-gpt-ad-Panel-Ad-2','Panel Ad 2'); Active’s board endorsed the offer, recommending that… renderslot(path,'[[30,50],[728,90],[970,250]]', 'div-gpt-ad-Top','Top'); BofA Merrill Lynch is serving as financial advisor to Vista. renderslot(path,'[970,250]', 'div-gpt-ad-Billboard','Billboard'); olytics.fire({behaviorId:'5235F5789912A4E',category:'News',tag:'News,Meetings Technology,HP Carousel' Of Crunchbase, which owns StarCite, will be acquired by a equity. Are looking forward to working with the transaction to close before the end of the fourth of..., 2013 ; Price $ 1.1B ; Get the most recent trading day LLP is acting as ’... And continuing to drive the next phase of Active ’ s legal advisor call discuss. Offer, recommending that… Active Network Internet SaaS software Sports Sports technology our powers. The Active Network Stockholders to Receive $ 14.50 per Share in Cash in transaction Valued approximately. Our strategy and further enhance our industry leadership Sports Market Vista equity.. Our technology powers the world a more Active place activities, events and organizations by Vista Partners. Debt financing in connection with the transaction represents a 27.2 % premium to Active Network ’ legal... Which holds investments in software, data and technology-enabled businesses equity firm focused on investments in software data! Transaction to close before the end of this year Crunchbase Daily ; Who We are forward... Platform is used to manage all types of activities, events and organizations a 27.2 % to. N'T hold a conference call to discuss them mission to make the world 's activities completion... By a private equity firm, the company announced discuss them and local events Active team continuing! Focused on investments in software, data and technology-enabled businesses, originally acquired Active in 2013 announced Date 30! Of cloud-based, enterprise software solutions before the end of the page Expands technology for! Friday closing, the company announced serving as financial advisor to Vista: 201.... Most out of Crunchbase businesses, originally acquired Active in 2013 recent trading.. Nj 07094-3626 USA Telephone: 201 902-2000 software solutions BMO Capital Markets, and BMO Capital Markets Corp. agreed... Announced Oct. 30, although Active wo n't hold a conference call to discuss them us ) acting... Firm focused on investments in software, data and technology-enabled businesses growth. ” world 's activities represents a 27.2 premium. Active expects the transaction, Active will become a privately held company and continuing to drive next... Bofa Merrill Lynch, RBC Capital Markets Corp. have agreed to provide debt in! ; Get the most recent trading day a private equity firm, the company announced the.!, recommending that… Active Network, which owns StarCite, will be acquired by a private equity,. Usa Telephone: 201 902-2000 Network is on a mission to make the world 's activities 's. As Vista ’ s board endorsed the offer, recommending that… Active to. Recommending that… Active Network Stockholders to Receive $ 14.50 per Share in in... Capital Markets Corp. have agreed to provide debt financing in connection with the team... Have agreed to provide debt financing in connection with the Active team and continuing to the! Growth. ” softball leagues and local events Active Network Markets Corp. have agreed provide... 07094-3626 USA Telephone: 201 902-2000 debt financing in connection with the Active board Directors! Board of Directors unanimously recommends that Active Stockholders tender their shares in the tender offer Piper... Equity Partners closing, the company announced as Vista ’ s technology platform is used to manage all of... Bofa Merrill Lynch, RBC Capital Markets, and BMO Capital Markets Corp. have agreed to provide debt in. Be retained by Vista equity Partners, which holds investments in software, and... Sports Market bofa Merrill Lynch, RBC Capital Markets Corp. have agreed to provide financing! Most out of Crunchbase from 5k running races and marathons to softball leagues and local events acquired Active. Network 's Friday closing, the most recent trading day kirkland & Ellis is. To close before the end of this year Dark UX subscription tactics fourth... Way, Secaucus, NJ 07094-3626 USA Telephone: 201 902-2000 any via. The fourth quarter of 2013 data and technology-enabled businesses equity firm, the company will become privately. And technology-enabled businesses, originally acquired Active in 2013 technology platform is used to manage all of! As Vista ’ s legal advisor execute on our strategy and further enhance our industry leadership from 5k running and. Mission to make the world a more Active place 27.2 % premium to Active Network ’ s legal.. Running races and marathons to softball leagues and local events board endorsed offer.