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Autobytel Inc Acquires Advanced Mobile

Monday, 30 Sep 2013 05:20pm EDT 

Autobytel Inc announced that it has acquired Advanced Mobile, LLC, a provider of innovative mobile communications services designed specifically for the automotive industry. The initial consideration for the acquisition was $2.5 million in cash. In addition, Advanced Mobile may earn up to an additional $1.5 million in contingent payments based on the revenue and gross profit performance of the acquired business over a three-year period commencing January 1, 2014. 

Company Quote

-0.02 -0.24%
4:00pm EDT