ACCESS Newswire acquires iNewsWire.com LLC (Newswire)

ACCESS Newswire acquired iNewsWire.com LLC (Newswire) for approximately $43.9 million (about $18.0 million cash, a $22.0 million secured promissory note, and 180,181 shares valued at approximately $3.9 million), a transaction completed in November 2022, structured as combination (cash, secured note, and stock).

iNewsWire.com LLC (Newswire) operates in Newswire / communications, is based in USA. Issuer Direct acquired iNewsWire.com LLC (Newswire), a media and marketing communications technology company providing press-release distribution, media databases, media monitoring and newsrooms through its Media Advantage Platform. The deal increased Issuer Direct's communications revenue by more than 80% and nearly doubled its press-release distribution business, making the combined ACCESSWIRE + Newswire one of North America's largest press-release distribution platforms.

Grow and invest in the Communications business and materially expand press-release distribution scale.

Nearly doubled press-release distribution customer count and revenue. Communications revenue up 80%+; press-release distribution revenue up 100%. Communications / ACCESSWIRE

We are very pleased to complete the strategic acquisition of Newswire as part of our plan to grow and invest in our Communications business. We are excited to welcome Newswire customers and employees to the Issuer Direct family,Brian Balbirnie, Chief Executive Officer, Issuer Direct

Advisory firms were not disclosed for this transaction.

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