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Realnetworks Llc Announces Closing Of Acquisition Of Realnetworks, Inc. By Ceo Rob Glaser

Dec 22, 2022•almost 3 years ago

Acquiring Company

RealNetworks

Acquired Company

RealNetworks

SeattleSeattle

Description

RealNetworks LLC today announced the closing of the previously announced acquisition of RealNetworks, Inc. (the "Company", "RealNetworks" or "Real"), by the Company's founder, Rob Glaser and affiliates (the "merger"). The merger was approved by the Company's Board of Directors, based on the recommendation of a Special Committee of the Board of Directors consisting exclusively of independent directors, and by the Company's shareholders. The final shareholder voting results were reported in a Current Report on Form 8-K filed with the Securities and Exchange Commission on December 16, 2022.

Company Information

Company

RealNetworks

Location

1St Avenue S

Seattle, Washington, United States

About

Building on a legacy of digital media expertise and innovation, RealNetworks has created a new generation of products that employ best-in-class artificial intelligence and machine learning to enhance and secure our daily lives. SAFR® (safr.com) is the world's premier facial recognition platform for live video. Leading in real-world performance and accuracy as evidenced in testing by NIST, SAFR enables new applications for security, convenience, analytics, and powers StarSearch by Real and RealPlayer 20/20 (real.com). Kontxt™ (kontxt.com) is the foremost platform for categorizing A2P messages to help mobile carriers build customer loyalty and drive new revenue through text message classification and antispam. For more information, visit: www.realnetworks.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed