Wishpond Acquires Brax.io (AtlasMind Inc.)

August 30, 2021

Wishpond Technologies Ltd. has entered into an asset purchase agreement to acquire certain assets and specified liabilities of AtlasMind Inc. (d/b/a Brax.io) for total consideration of approximately US$2.0 million (cash plus earn-out). The acquisition adds Brax's ad management SaaS capabilities to Wishpond's marketing platform, expanding its product offering into digital ad management; Brax reported trailing twelve month revenue of about US$1.5 million and strong gross/EBITDA margins.

Buyers
Wishpond Technologies Ltd.
Targets
Brax (AtlasMind Inc.)
Sellers
AtlasMind Inc. (d/b/a Brax.io)
Industry
Cloud & SaaS
Location
New York, United States
Transaction Type
Buyout

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