Neomedia has sold 12Snap back to its management incl co-founder Birkel for $5m (remuneration is $1.1m cash plus debt, services, etc), reports PR Newswire.
That means that Neomedia wiped out a cool $17m value in little more than a year: you may remember they acquired 12snap for $22m early 2006.
All the very best to the good folks of 12snap!!!
streetstylz
NeoMedia’s mobile code reading platform qode is making tremendous strides in Europe as well as here in North America. With a great showing at CTIA, tremendous media coverage from the New York Times, and their involvement with the Mobile Codes Consortium, qode is on its way to becoming the code-agnostic universal reader with its soon to be released upgrade version capable of reading UPC, Aztec, Datamatrix, and QR codes.
Best,
Sean
http://streetstylz.blogspot.com/
streetstylz
NeoMedia’s mobile code reading platform qode is making tremendous strides in Europe as well as here in North America. With a great showing at CTIA, tremendous media coverage from the New York Times, and their involvement with the Mobile Codes Consortium, qode is on its way to becoming the code-agnostic universal reader with its soon to be released upgrade version capable of reading UPC, Aztec, Datamatrix, and QR codes.Best,Seanhttp://streetstylz.blogspot.com/
Volker Hirsch
To clarify: I didn’t say NeoMedia wasn’t going anywhere, and it is good to hear that things are going well for you. I merely noted that you didn’t seem to have had a lucky streak with 12Snap (acquired for $22m, sold for $5m after one year).
All the best to the good folks at Qode and NeoMedia!
Volker Hirsch
To clarify: I didn’t say NeoMedia wasn’t going anywhere, and it is good to hear that things are going well for you. I merely noted that you didn’t seem to have had a lucky streak with 12Snap (acquired for $22m, sold for $5m after one year).All the best to the good folks at Qode and NeoMedia!