Monday, August 08, 2005

Freever acquired by Buongiorno

Freever (provider of mobile chat, SMS, community VAS) has been acquired by Boungiorno for €18m euro in cash and a variable earn-out of €15.5m (max). With forecast 05 revenues of €12m and €1m earnings, Buongiorno have stuck a good deal for a relatively young company, with good growth potential and a good client base. CDC Entreprises Innovation, ADD Partners and Net Partners were Freevers VC's.

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