Yell has agreed to acquire Znode, a privately-owned, fast-growing pioneer and industry leader in multi-store ecommerce.
Round-up of today’s M&A deals
Yell has agreed to acquire Znode, a privately-owned, fast-growing pioneer and industry leader in multi-store ecommerce.
Accroding to a statement Znode’s technology will be used as Yell’s ecommerce platform, as part of Yell’s new strategy to connect small businesses with consumers on a local level. Znode will be incorporated into Yell Group as part of its new consumer division, Yell Connect.
Mike Pocock, chief executive officer of Yell Group says: ‘The Znode team and their innovative technology provide Yell with a platform for our digital business and enable us to provide ecommerce solutions to small businesses, connecting them more efficiently with their local consumers.
Their talented workforce and technological capabilities are a great addition to Yell as we move forward into new digital marketplace opportunities.’
Round-up of today’s M&A deals
- SumTotal Systems acquires workforce management and expences software business CyberShift and Accero
Value: undisclosed
Advisors: undisclosed
- Dish Network buys TerreStar Networks to save it from bankruptcy
Value: £860 million
Advisors: undisclosed
