May 4, 2016
GCA Altium advised Axel Springer Digital Ventures GmbH, a subsidiary of Axel Springer SE (XETRA:SPR), on the sale of Smarthouse Media GmbH to adesso AG
GCA Altium acted as exclusive financial adviser to the shareholders on the 100% sale of Smarthouse Media GmbH, a specialist for online financial applications, to adesso AG. This marks GCA Altium's 28th TMT transaction in the last 12 months.
Smarthouse Media is a leading and globally operating full-service provider of digital information and marketing platforms for the financial services sector. Its platform allows financial service providers to optimize their product management and provide product information – including real-time share price data, coordinated search and selection functions and other financial information – on multinational websites in a user-friendly manner. Smarthouse Media's customers include renowned national and international banks, online brokers, media portals and financial service providers. The Company currently has more than 120 employees and is headquartered in Karlsruhe, Germany.
The acquirer is publicly listed adesso AG (XETRA:ADN1), a leading IT services provider headquartered in Dortmund, Germany. Through this acquisition, adesso is expanding its solutions portfolio and its customer base in the financial services vertical. New business opportunities might emerge from the integration of the existing Smarthouse Media solutions into the main portals of financial service providers, the addition of mobile components and the attraction of new portal projects, including their operation.
"We are delighted to be able to offer our customers a much broader portfolio of services in future with adesso as our parent company. This complements our customers' needs perfectly and will speed up our growth," says Andreas Grunwald, Managing Director for Sales & Marketing at Smarthouse Media.
The transaction was signed and closed on May 4th 2016.