AppNet Acquires i33 Communications
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AppNet is seeking to become a fully integrated, end-to-end e-commerce solutions provider and said that with this acquisition, it is adding i33's ROI-based marketing and online design and development capabilities. Financial terms were not disclosed.
i33 created AdMaximize, a closed-loop ROI-tracking service, which provides easy-to-use, customized reports on impressions, click-throughs, leads and sales. i33 also provides ROI-based media planning and buying, Web site and banner advertising design, information architecture and online brand development.
"i33 provides AppNet with superior Internet design and ROI accountability moving AppNet closer to our goal of becoming the first world-class e-commerce solutions company," said Ken Bajaj, founder and CEO of AppNet.
In less than one year, AppNet has acquired eight companies with diverse backgrounds: i33 communications; Arbor Intelligent Systems of Ann Arbor, MI, a provider of object-oriented application development; the Kodiak Group, specialists in EDI outsourcing and services; LOGEX International of Falls Church, VA, providers of e-commerce solutions for the retail industry; Software Services Corp. of Ann Arbor, MI, a provider of Web-based application development for manufacturers; NMP Inc. of Falls Church, VA, a Web brand identity development company; Century Computing Inc. of Laurel, MD, an information technology solutions and e-government solutions provider; and Research & Planning Inc. of Cambridge, MA, a provider of Web-enabled ERP integration and data warehouse solutions.
Last July, AppNet received $100 million in a private equity placement from Chicago-based GTCR Golder Rauner.