As I covered at Search Engine Land, we got big industry news, the company Larry Kim founded in 2007 named WordStream has been acquired for $150 million. WordStream is a software service that helps digital marketers manage their Google AdWords campaigns. The company has over 2,000 customers and has raised some serious venture money over the years.
A year or so ago, Larry Kim stepped down at WordStream but remained on the Board of Directors, he also started a new company. A new CEO came on named Howard Kogan, who I guess was brought in to find a buyer. He did that and now the company is owned by the Gannett Company, which owns hundreds of other companies.
You can read the press release over here.
It seems like the community is pretty excited for those who made a lot of money in the deal.
The WordStream teams seems happy as well:
WordStream wrote about the news over here and said:
Congrats to everyone at WordStream and Gannett!
Forum discussion at Twitter.
