Cloud-based Activity and Participant Management™ (APM) solutions: Vista Equity Partners and ACTIVE Network announce their marriage.

Pending the definitive agreement between both companies, Connectikpeople observes that, Vista Equity Partners, a private equity firm focused on investments in software, data and technology-enabled businesses, revealed its keen readiness to invest in this attractive ecosystem with certainly a big ambitious project, in mind. BofA Merrill Lynch, RBC Capital Markets, and BMO Capital Markets Corp., have agreed to provide debt financing in connection with the transaction. This marks the interest and the attractive side of this

opportunity.

Regarding the terms of the agreement , Connectikpeople has observed that, Vista Equity Partners will commence a tender offer to acquire all of the outstanding shares of ACTIVE’s common stock for $14.50 per share in cash, representing a premium of approximately 111% to ACTIVE’s year to date average closing stock price. The ACTIVE Board of Directors unanimously recommends that ACTIVE stockholders tender their shares in the tender offer.

ACTIVE expects the transaction to close before the end of the fourth quarter of 2013. Upon the completion of the transaction, ACTIVE will become a privately held company.