Bridgeline Digital Acquires Texas-Based MarketNet for $1.2M

Bridgeline Digital, Inc.

announced today that it has acquired MarketNet, expanding its North American presence and building the iAPPS distribution network into the South Central United States marketplace. Founded in 1994, MarketNet is an award-winning interactive technology company that provides web application development, web design, mobile application development, usability, web content management system integrations, and eCommerce implementations for its customers. MarketNet is a Microsoft Gold Certified Development Partner. MarketNet's trailing 12 month revenues were $2.7 million; servicing a .NET customer base that includes Dell Computer, Kennedy Space Center, USO, Dallas Forth Worth Airport, The Delaware North Group, and Samsung. To learn more about MarketNet, please visit www.marketnet.com. Bridgeline Digital acquired MarketNet for $1.2 million, in a combination of cash, common stock, and earn-out consideration based on certain future financial performance. MarketNet's Founder and Principal Owner, Jill Bach and Vice President, Alan Bach have joined Bridgeline Digital's leadership team. As part of Bridgeline, Alan will be the Senior Vice President and General Manager for the Texas region and Jill will be the Senior Vice President of Engagements.