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Meltwater announces agreement to acquire leading social influencer marketing company Klear for $17.8 million in a combination of cash and earn-outGlobeNewswireApril 14, 2021SAN FRANCISCO, April 14, 2021 (GLOBE NEWSWIRE) -- Meltwater B.V., a leading global SaaS provider of media intelligence and social analytics, has entered into an agreement to acquire Klear, an Israeli SaaS company and a market leader in the fast-growing influencer marketing space. For the full year 2020, Klear reached revenues of $7.6 million. Excluding earn-out, Meltwater has agreed to purchase Klear for a price of 1.4 times 2020 revenue settled in cash at closing. The transaction is expected to close on or around April 14th, 2021.
Source: AsiaOne