SintecMedia buys Wellington Financial-backed Operative Media
Operative Media Inc, a New York provider of digital advertising business management solutions, has been acquired by SintecMedia, an Israeli broadcast management software company backed by Francisco Partners. No financial terms were disclosed; however, the Wall Street Journal reported the deal's value to be almost US$200 million. Founded in 2000, venture-backed Operative was a portfolio company of Wellington Financial, a Canadian specialty finance firm. Wellington provided Operative with US$11 million in venture debt funding in March 2014.
30 November 2016•4 mins read
