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Private Equity Firm To Acquire Active Network09/30/2013Private equity firm Vista Equity Partners on Monday announced an agreement to acquire technology company The Active Network, owner of meetings tech provider StarCite. The companies indicated that the all-cash deal is worth about $1.05 billion, was unanimously recommended by Active's board of ...
StarCite Parent Active Network Evaluating Alternatives, Including Possible Sale08/02/2013Technology firm The Active Network, owner of StarCite, has formed a committee of its board of directors to evaluate "expressions of interest from outside parties ranging from an investment in Active Network to an acquisition of the company," Active announced late Thursday.
CEO, Chairman Out At StarCite Parent Active Network05/03/2013StarCite parent The Active Network this week announced that CEO Matt Landa and chairman David Alberga resigned from their positions, effective immediately. Former Active COO Jon Belmonte, who left the company in 2011 to become president of private investment firm Cedar Ridge Ventures, has returned ...
Active Unveils Cloud-Based Solution For Event Marketing, SMM10/10/2013Technology company Active Network on Wednesday unveiled a cloud-based meetings technology solution that represents the firm's most comprehensive attempt to marry the strategic meetings management capabilities it picked up when it acquired StarCite with its legacy event-marketing capabilities.
The Active Network reported third-quarter revenue of $118 million, up from $109 million last year10/31/2013