Actua Corp. (NASDAQ: ACTA) signed a definitive agreement to sell GovDelivery to an investor group led by Vista Equity Partners for $153 million in cash, subject to certain adjustments, including working capital, cash, debt and other items. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2016. Actua’s stated intentions are to use the proceeds to enhance shareholder value while staying focused on building its cloud businesses and repurchasing shares.
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About Actua Corp.
Actua is a multi-vertical cloud company bringing the power of the cloud to vertical markets and processes. The company is pioneering the second wave of the SaaS revolution – the vertical wave – by growing cloud businesses that are transforming their markets.
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