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Stock Market & Financial Investment News

News Breaks
August 18, 2014
10:56 EDTSMTPSMTP, Inc. completes SharpSpring acquisition
SMTP, Inc. announced that it has completed the acquisition of SharpSpring's assets. SMTP believes the acquisition will extend the company's product portfolio, accelerate revenue growth and provide "significant" long-term strategic benefits. In connection with the acquisition, SMTP paid $5M in cash at the time of closing and will pay up to an additional $10M in cash and stock pursuant to an earn-out provision which is tied to achieving aggressive growth targets.
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