ePrize LLC, the leader in digital engagement specializing in mobile, social and web campaigns, today announced that it was acquired by Catterton Partners, a leading consumer-focused private equity firm. This investment will be used to accelerate ePrize’s overall growth and expansion, particularly in the multi-channel engagement and CRM arenas. Terms of the transaction were not disclosed.
JEGI CLARITY (www.jegiclarity.com) of New York, NY, the leading independent investment bank for the media, information, marketing, and technology sectors, represented ePrize in this transaction and acted as its exclusive financial advisor.
ePrize offers an innovative technology platform that enables brands to engage with consumers through mobile devices and social media. As the recognized industry leader, ePrize administers four times more national campaigns than any other company, and estimates that by the end of 2012, 80% of all its campaigns will incorporate a mobile component. ePrize’s mobile engagement tactics have been proven to double or even triple basket size, and can be seamlessly integrated into a brand’s social and web properties through ePrize’s proprietary technology. In July 2011, ePrize acquired a division of Apollo Data Technologies, and in January 2012, acquired Cellit, a mobile solutions company.
The current ePrize management team led by Matt Wise, Chief Executive Officer, will continue to lead the Company, capitalizing upon the financial and strategic resources created by the acquisition.
Mr. Wise said, “ePrize is uniquely positioned to lead marketers into the future of mobile engagement, as we currently have over 800 clients, including the majority of the Fortune 500 and 60% of the largest ad agencies. Our multi-channel engagement solutions enable brands to continue the dialogue from social to mobile, all the way to POS on a single unified platform. With Catterton’s consumer insights and operational and financial expertise, we can further accelerate our growth and innovation in helping companies engage their consumers through online, mobile and social means.”
“ePrize is on a trajectory of remarkable growth, and we are delighted to partner with them to help expand the Company’s breakthrough digital promotion and loyalty engagement programs,” said Scott Dahnke, Managing Partner of Catterton Partners. “As the largest online promotions platform, ePrize has been a pioneer in digital engagement. The rapid increase in the adoption of mobile technology has changed how brands engage with consumers, and ePrize is at the forefront of that trend. We look forward to working with the talented team at ePrize and leveraging our capabilities and resources to support the Company’s continued growth and expansion.”
Founded in Detroit in 1999, ePrize retains its headquarters in the metro Detroit area, with offices in New York, Chicago, Los Angeles and Seattle.
We appreciate JEGI CLARITY for their partnership – from truly understanding our business and the substantial opportunity in the marketplace to matching us with potential buyers in line with our strategic direction. I, and the entire ePrize team, are thrilled with the outcome and thank JEGI CLARITY for being well prepared and tenacious at every step of the process.
Matt Wise, CEO, ePrize