More acquisition news from the TechStars Demo Day: madKast will soon be acquired by ShareThis, a widget company that allows users to share a blog post or news article across multiple services like Digg and MySpace. madKast, which we covered last October, is also a widgetmaker, allowing users to share posts through web services as well as through other routes like SMS messages and email.
Details of the upcoming acquisition are scant at this point, as madKast is currently unable to disclose any further information (the deal will not be complete for a few days). ShareThis, which closed a $15 million round last March, is likely looking to acquire madKast both for its complementary technology and its team.
Earlier today IntenseDebate, another TechStars company, announced that it had been acquired by Automattic, the company behind WordPress.
Two hits for TechStars in one day! 3/10 acquisitions in less than year is pretty damn good.
depends on the exit value.
another roll-up…ho hum
MAD PROPS to MADKAST!
Hasn’t MadKast essentially been dead for months now? They haven’t had any real blog postings since March, and it seems like most of the people who worked there have moved on. To me it just seems like they probably bought the small userbase at a good price?
A big congrats to Doug and Johann! This is a great success both for them, and for TechStars!
Great job guys – thanks for making Boulder look even better!
I always found madKast’s sharing tool to be the easiest to use of those available on the market. Great acquisition for ShareThis – more blogs to their portfolio, and some solid technology as well.
Sounds like a solid move to grow the user base and build the team. Congrats all around for making this happen. Look forward to hearing about the next set of developments.