Zoomd Announces The Acquisition Of Artificial Intelligence Marketing Platform "Albert"
Acquiring Company
Zoomd
Acquired Company
Albert
OaklandFinancial ServicesSoftwareAdvertisingData And AnalyticsSales And MarketingBiotechnologyArtificial IntelligenceMachine LearningDescription
Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, "Zoomd" or the "Company"), the marketing tech (MarTech) user-acquisition and engagement platform, today announced its acquisition (the "Transaction") of Albert Technologies Ltd. ("Albert") on March 27, 2022. Albert is a U.S.-based artificial intelligence marketing platform for advertisers, driving fully autonomous digital campaigns for some of the world's leading brands. The consideration for the Transaction payable by Zoomd is a combination of cash and shares paid on March 27, 2022, being the closing date, and a future share-based earn-out payment, based on meeting certain criteria.
Quick answer
Zoomd is acquiring Albert, announced March 28, 2022.
- How much did Zoomd pay for Albert?
- The deal value was not disclosed.
- What does Zoomd do?
- Zoomd (TSXV: ZOMD, OTC: ZMDTF), founded in 2012 and began trading on the TSX Venture Exchange in September 2019, offers a site search engine to publishers, and a mobile app user-acquisition platform, integrated with a..
- Where are Zoomd and Albert based?
- Albert is based in Oakland, California, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Albert?
Albert was acquired by Zoomd. The deal was reported on March 28, 2022. Zoomd is privately held and operates in Financial Services.
When did Zoomd acquire Albert?
Zoomd's acquisition of Albert was reported on March 28, 2022. Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Albert do?
Albert is an Oakland, CA-based provider of a chemistry-native AI platform designed to transform materials and products R&D. Led by CEO Nick Talken, the company offers an AI operating system tailored for the complexities of chemistry and materials science. It is privately held, operating in Biotechnology, and is based in Oakland.
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