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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.
News For SMTP From The Last 14 Days
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February 18, 2015
19:01 EDTSMTPSMTP, Inc. suspends quarterly dividend
SMTP, Inc. CEO Jonathan Strimling stated, "The newly established SharpSpring sales channels are expected to start contributing to revenue during the 1Q15. These early, positive sales results validate our confidence in the strength of the combined product offering and we are accelerating our investment to rapidly capitalize on strategic growth opportunities. For this reason, the board has unanimously voted to suspend our quarterly dividend. We are confident that our decision to reinvest this capital into the business is in the best long-term interests of shareholders and will enable us to accelerate the growth of our business."
18:59 EDTSMTPSMTP, Inc. reports preliminary Q4 revenue $2.8M-$2.9M vs $1.52M a year ago
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