Sargas Capital Corporation
Sargas Capital Commits to Majority Ownership of Kontexto
Sargas Capital Corporation / Key word(s): Acquisition Sargas Capital Commits to Majority Ownership of Kontexto Toronto, Ontario (2 March 2012) – Sargas Capital (2FG:F), specialists in the acquisition, development and commercialization of technologies that have the potential to secure dominant market position in high growth industries, announced today that through its Switzerland-based affiliate has agreed to acquire majority control of Kontexto, a private company incorporated in Canada. The agreement consists of cash payments over time totaling $10,400,000 in exchange for 51% of the issued and outstanding shares of Kontexto. In addition to the agreement, Sargas has received a seat on the company’s Board of Directors. ‘Kontexto is an excellent match for our investment strategy. The team is extremely talented and has shown its ability to make innovative, original, proprietary, and scalable products from their technology platform. Kontexto has also received substantial industry attention from top-tier organizations, such as UK Trade and Investment. Kontexto has also proven the appeal of its robust technology solutions, which have been purchased by some of the world’s leading media organizations. Our investment will provide additional resources for Kontexto to continue to grow market share through sales to media companies of its existing product suite and to expand to other vertical markets as well as new product lines.’ stated Jonathan Dariyanani, President and CEO of Sargas. Kontexto provides enterprise class software and services to digital media publishers and advertisers around the world. Using a proprietary cloud based platform, Kontexto clients are able to collect, analyze and visualize large amounts of audience, competitor and social media data in real time. Kontexto was founded in 2009 in Canada by a veteran team of Internet, search and analytics experts with two prior successful venture exits in the media space. Having spent the past two years optimizing and perfecting the Kontexto platform for the coming online data boom, Kontexto has recently turned its attention to launching two new branded web services for digital media publishers and advertisers called publishflow(TM) and tagcert(TM) respectively. In early 2010, Kontexto expanded its business development activities into the United Kingdom and has experienced early success with some of the largest global media brands including The Guardian and Getty Images. publishflow(TM) has also been identified as a ‘Technology of exceptional potential’ by UK Trade and Investment, the largest government and business trade organization in the UK. Additional information about Kontexto can be found at their website: About Sargas Capital: Contact: End of Corporate News 02.03.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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