Transaction Experience

Client Quotes:

“Architect Partners delivered hands-on senior team engagement from kick off to close.”

- Joe Gillespie, CEO

Financial Summary:

Transaction Size:                                                                         Undisclosed
Consideration:                                                                        Cash and stock

Strategic Rational Driving Transaction:

  • Zoove brings Mblox a proprietary messaging platform that enables companies to effectively communicate with existing customers as well as attract new customers on mobile devices.
  • Zoove’s capabilities nicely complement Mblox’s focus on mobile CRM and are well suited to enable two-factor authentication, deliver customer support and offer an industry leading solution to accelerate opt-in database enrollment. 
  • Mblox has a strong distribution channel composed of reseller partners who will likely appreciate Zoove’s versatile use case capabilities and proprietary nature.  

Architect Partners Role and Contribution:

  • AP provided advice and perspective to help Zoove articulate their value proposition to customers, partners and prospective acquirers.    
  • AP introduced Mblox and Zoove based on pre-existing relationships.
  • AP helped both Zoove and Mblox identify and assess the product, customer and strategic fit between the two companies. 
  • AP fully-vetted all available strategic options, providing critical clarity to assist the Zoove Board of Directors with decision-making. 
  • AP delivered multiple written letters of intent and quarterbacked negotiations and negotiating strategy, delivering transaction terms with an economic value 64% above the initial offer. 
  • AP previously assisted Zoove with a $15mm financing in May 2013.  

To learn more about this transaction, view the full M&A Alert here.