SOURCE: McGladrey Capital Markets

McGladrey Capital Markets

September 19, 2011 09:00 ET

McGladrey Capital Markets Provides Advisory Services to Ascentium on the Acquisition of Cactus Commerce

COSTA MESA, CA--(Marketwire - Sep 19, 2011) - Cactus Commerce, a digital commerce and marketing services provider based in Gatineau, Quebec, has been acquired by Ascentium, one of the largest digital services agencies in the United States.

The combined company will have offices in the United States, Canada and the United Kingdom.

McGladrey Capital Markets acted as the exclusive financial advisor to Ascentium Corporation and Cactus Commerce in this transaction.

"We were pleased to be able to assist Ascentium and Cactus Commerce with their merger, bringing together two great companies on the leading edge of the evolution of digital agency and systems integrator into a truly global commerce solution provider -- a phrase coined by Forrester which we think is very appropriate for this strategic merger. Increasingly, and we see Ascentium on the vanguard of this trend -- companies like Ascentium are adapting to the changing needs of clients for integrated services across channel strategy, interactive design, and technology capabilities in order to support the changing business needs of Global 1000 companies in the era of agile commerce, across multiple digital platforms," said Charles DelGrande, Senior Managing Director of McGladrey Capital Markets' Media & Technology industry group. "This transaction is a continuation of our long-term strategic relationship with Ascentium and its primary investor, Seattle-based WestRiver Capital. Combining the expertise in creative and technology with this merger will allow Ascentium to deliver class-leading results to its customers."

About Ascentium

Ascentium fuses inspired creative chops, technological wizardry and consultative insight to deliver unmatched user experiences and innovative business solutions. Ascentium attained the "highest client satisfaction" score on the Forrester Wave™ of Interactive Marketing Agencies. Founded in 2001, Ascentium provides transformative results for some of the world's top brands from offices in Seattle, Atlanta, Portland, Spokane, Los Angeles, and London.

About Cactus Commerce

Cactus Commerce delivers digital commerce and marketing solutions that create engaging and interactive brand experiences. Cactus leverages its CommerceLive solution to enable content, community and commerce across channels. Since 1995 Cactus has delivered B2C and B2B commerce solutions to customers in the retail, consumer goods, media & entertainment, and manufacturing industries. Clients include GameStop, Nestlé, Church & Dwight, Wal-Mart and many more.

About McGladrey Capital Markets

McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm's services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in many distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.

McGladrey Capital Markets is affiliated with McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world's preeminent tax services provider. McGladrey Capital Markets' international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.

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