Constellation / Lumine Group Acquire WideOrbit
December 12, 2022
Constellation Software Inc. and its subsidiary Lumine Group Inc. agreed to acquire WideOrbit Inc., a San Francisco–based media vertical market software provider, with WideOrbit becoming a wholly owned subsidiary of Lumine Group. The purchase will be funded by Constellation and a banking partner and includes a cash payment plus issuance of 13.83% of Lumine Group shares (on a fully diluted basis) to eligible WideOrbit shareholders; WideOrbit reported ~ $167M in 2021 revenue and ~450 employees.
- Buyers
- Constellation Software Inc., Lumine Group Inc.
- Targets
- WideOrbit Inc.
- Sellers
- Eligible WideOrbit shareholders
- Industry
- Software
- Location
- California, United States
- Transaction Type
- Buyout
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