Toronto's Call Genie to pursue pay-per-call with acquisition

Posted by Techvibes NewsDesk

Mobile search and advertising leader Call Genie announced yesterday that it has begun the process of acquiring VoodooVox.

The deal, which Canadian Business reports is worth $2.8 million, will allow Toronto-based Call Genie to expand its mobile advertising services. Using VoodooVox’s detailed demographic information on phone numbers, Call Genie plans to pursue pay-per-call advertising.

Call Genie CEO Michael Durance said in a statement, ”The more pay per call advertisers know about their callers, the more success they’ll have with their campaigns. Our goal is to create a smarter mobile ad network, and VoodooVox gives us audience insights that benefit key stakeholders in the mobile advertising ecosystem.”

The acquisition is expected to be finalized in January 2012 and will involve Call Genie issuing 11,250,000 common shares of its stock and paying $1.8 million cash to VoodooVox shareholders.

Company:
Call Genie
Website:
http://www.callgenie.com
Location:
Toronto, Ontario, Canada

Call Genie is a leading global provider of local mobile search and advertising solutions that connect ready to transact consumers directly with local merchants for local directory businesses, directory assistance services and local media publishers. Call Genie solutions offer an exceptional experience for both advertisers and consumers and are deployed in 11 countries around the world. Call Genie has been awarded... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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