Active Network Acquires ServiceU
Vista Point Advisors is pleased to announce the acquisition of ServiceU by The Active Network. Vista Point Advisors acted as the exclusive financial advisor to ServiceU.
With 12 years of experience, and over 2,400 customers nationwide, ServiceU is a leading software development company specializing in event management and giving for churches, schools and non-profits nationwide. Having powered an estimated 15 million events with its technology, ServiceU offers customers excellent service and easy-to-use technology.
About The Active Network:
The Active Network is the leading provider of organization-based cloud computing applications—serving the business events, community activities, outdoors and sports markets— with over 47,000 global business customers and 70 million annual transactions reported last year. Our technology platform, ActiveWorks®, transforms the way organizers manage their activities and events by automating online registrations and streamlining other critical management functions, while also driving consumer participation to their events. Our flagship media property, Active.com®, is the leading online community for people who want to discover, participate in, and share activities about which they are passionate. Headquartered in San Diego, California since 1999, the company has over 25 offices worldwide.
About Vista Point Advisors:
Vista Point Advisors is a boutique investment bank that focuses on advising middle-market companies in the Software, Mobile, and Internet / Digital Media industries. Our strategy is to partner with growing and profitable businesses that are interested in understanding their options in the marketplace. We focus exclusively on sell-side M&A and capital raising transactions. Vista Point Advisors is headquartered in San Francisco, California.