Story excerpt provided by Cincinnati Business Courier. Written by Andy Brownfield.
The CEO of social media marketing tech firm Ahalogy, which was acquired by a Silicon Valley firm Friday, said the acquisition goes to show what Cincinnati is doing to boost startups is working.
Quotient Technology Inc. (NYSE: QUOT) announced June 1 that it is acquiring Ahalogy for $20 million in cash, with up to $30 million payable on the achievement of certain financial goals by the close of fiscal 2019. The deal is expected to close June 2018.
It’s not the beginning of the relationship between Quotient and Ahalogy. Quotient already has a sizable presence in Cincinnati, moving into an office in the Rookwood Exchange in 2016 and growing to 120 employees. Quotient is a digital promotions, media and analytics company that delivers digital coupons and ads to millions of shoppers daily. It serves CPG giants like Procter & Gamble, Clorox, General Mills and Kellogg’s, as well as retailers like Kroger, Walgreens, CVS and Dollar General.
Click here to read the complete article. Originally published June 1, 2018.