Meltwater Plans to go Private
Meltwater provided an update to the Oslo Stock Exchange regarding a proposed sale.
The Meltwater board is recommending the sale to a private equity firm
Offer will be put to shareholders at the end of this quarter
Offerer is a newly incorporated company established for the purpose of making the offer – and majority owned by private equity
"We look forward to partnering with Marlin's and Altor's teams to execute on our vision and mission to be the global leader in digital and social media monitoring and intelligence, to help customers monitor, understand, and influence the world around you based on data insights from the outside. I am proud of our proven track record of profitable growth, underpinned by subscription-based, recurring revenue contracts and committed customer base. We believe this transaction will bring new opportunities to Meltwater and we look forward to working with new ownership focusing on our continued success," commented John Box, CEO of Meltwater.
