Mobile advertising company YP buys VC-backed Sense Networks

YP, a portfolio company of Cerberus Capital Management, said Monday that it has acquired Sense Networks. No financial terms were disclosed. Union Square Advisors and Kilpatrick Townsend & Stockton advised YP on the transaction. Based in New York City, Sense Networks is a provider of mobile advertising solutions. Its backers included Intel Capital and Javelin Venture Partners.

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