WALTHAM, Mass. and GAINESVILLE, Fla., Sept. 1, 2021 /PRNewswire/ -- Constant
Contact, an established leader in online marketing, backed by
Clearlake Capital Group, L.P. (together with its affiliates,
"Clearlake") and Siris Capital Group, LLC (together with its
affiliates, "Siris"), announced today that it has completed its
acquisition of SharpSpring ("SharpSpring") (NASDAQ: SHSP).
The transaction, which was originally announced on June 22, 2021, was approved by SharpSpring's
stockholders on August 25, 2021. In
connection with the closing of the transaction, SharpSpring will be
delisted from NASDAQ.
"We are pleased to welcome the SharpSpring team to Constant
Contact and expand our capabilities for current customers and offer
a broader set of opportunities for new customers," said
Frank Vella, CEO, Constant Contact.
"SharpSpring's focus on lead management will be an essential
element in building Constant Contact's marketing automation
platform to more holistically deliver results for small
businesses."
JMP Securities LLC acted as exclusive financial advisor and
Godfrey & Kahn, S.C. acted as legal counsel to SharpSpring.
Lazard acted as financial advisor to Constant Contact and Sidley
Austin LLP acted as legal counsel to Constant Contact.
About Constant Contact
Constant Contact, an established leader in online marketing,
simplifies the complex task of marketing your business, so you can
achieve real results and sell more online. Whether it's setting up
an online store, leveraging social and search features to get new
customers, or sending great-looking emails with the power to drive
more sales, we combine the right tools and advice to help get the
results you want. Plus, our award-winning team of marketing
advisors is there for each customer, every step of the way. For
more information, visit: www.constantcontact.com.
About SharpSpring
SharpSpring (NASDAQ: SHSP) is a
rapidly growing, highly-rated, global and affordable revenue growth
platform delivered via a cloud-based Software-as-a-Service (SaaS)
solution. More than 10,000 businesses around the world rely on
SharpSpring platforms to generate leads, improve conversions to
sales, and drive higher returns on marketing investments. Known for
its innovation, open architecture and free customer support,
SharpSpring offers flexible contracts at a fraction of the price of
competitors making it an easy choice for growing businesses and
digital marketing agencies. Learn more at
sharpspring.com.
About Clearlake
Founded in 2006, Clearlake Capital
Group, L.P. is an investment firm operating integrated businesses
across private equity, credit and other related strategies. With a
sector-focused approach, the firm seeks to partner with experienced
management teams by providing patient, long term capital to dynamic
businesses that can benefit from Clearlake's operational
improvement approach, O.P.S.® The firm's core target sectors are
technology, industrials, and consumer. Clearlake currently has
approximately $39 billion of assets
under management, and its senior investment principals have led or
co-led over 300 investments. The firm has offices in Santa Monica
and Dallas. More information is
available at www.clearlake.com and on Twitter @ClearlakeCap.
About Siris
Siris is a leading private equity firm
that invests primarily in mature technology and telecommunications
companies with mission-critical products and services, facing
industry changes or other significant transitions. Siris'
development of proprietary research to identify opportunities and
its extensive collaboration with its Executive Partners are
integral to its approach. Siris' Executive Partners are experienced
senior operating executives that actively participate in key
aspects of the transaction lifecycle to help identify opportunities
and drive strategic and operational value. Siris has offices in
New York, Palo Alto, and
Palm Beach and has raised nearly
$6 billion in cumulative capital
commitments. For more information, visit www.siris.com.
Contacts
For Constant Contact:
Kristen Andrews
pr@constantcontact.com
For SharpSpring:
Gateway Investor Relations
SHSP@gatewayir.com
For Clearlake:
Jennifer Hurson
Lambert & Co.
845-507-0571
jhurson@lambert.com
For Siris:
Dana Gorman / Blair Hennessy
Abernathy MacGregor
212-371-5999
dtg@abmac.com / bth@abmac.com
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SOURCE Constant Contact