Corum announces that their client, Social5, has been acquired by Pluribus Technologies Corp. Utah-based Social5 is a social media marketing company that uses proprietary technologies to provide affordable marketing solutions to an underserved SMB market. This is the second eCommerce acquisition for Pluribus, continuing their consolidation strategy in the eCommerce space.
“We are delighted to have brought this transaction to a successful close. Social5 is a unique business and Pluribus is a perfect home,” said Mark Blundell, Corum dealmaker, who led the transaction. “Social5 will contribute to the Pluribus group, as well as grow its own business in partnership with Pluribus’ other companies. We expect a bright future for Pluribus and Social5 together.”
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“It was a pleasure to work with Corum throughout our sale process. Their industry expertise, relationships and deal experience were invaluable. Corum secured us offers from potential acquirers who could bring us into a family of companies serving the same SME market we serve, creating a great opportunity for us to succeed in the next stage of our growth. I would recommend Corum to any software CEO seeking the best possible exit,” said Rob Wellman, Founder and CEO of Social5.
Corum is the world’s leading educator on tech trends, valuations, growth strategies and Tech M&A. Mark Blundell will host a half-day online workshop, Selling Up Selling Out, on February 15th, 9:00AM-1:00PM PST. Tech CEOs and founders will learn to prepare, position, research, value, negotiate and execute due diligence for maximum price and optimal structure in an M&A transaction.
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