SOURCE: Sikich Investment Banking

Sikich Investment Banking

September 26, 2011 14:31 ET

Sikich Investment Banking Leads Recent Transaction -- Google Purchase of Zave Networks

Sale of Kansas City-Based Digital Incentive Technology Company Represents a Positive for Midwest Region Overall; Experience & Knowledge of Sikich Within the Technology Sector Instrumental in Bringing Complex Transaction to Successful Outcome

CHICAGO, IL--(Marketwire - Sep 26, 2011) - Sikich Investment Banking, headquartered in Chicago, has announced its most recent successful transaction: Google Inc.'s acquisition of Kansas City, Kan.-based Zave Networks, on Sept. 2, 2011.

According to Rick Herbst, a partner with Sikich Investment Banking, the exclusive sell-side advisor to Zave Networks' management team and investors for the transaction, the sale of the digital incentive (mobile and online coupon) technology company is a clear affirmation of the innovation and potential for value creation and business growth resident in the Midwest.

"This acquisition represents more than just a positive for Kansas City," said Herbst. "To attract a company like Google to purchase a young company founded and based in the Midwest speaks volumes about the caliber of talent, technology and value of businesses we are fortunate enough to foster and enjoy in our region."

"We're very proud as a Chicago-and Midwest-based investment bank to have played a key role advising on this transaction," added Christopher Geier, partner-in-charge for Sikich Investment Banking. "We are committed to building a sophisticated investment banking group dedicated to helping clients build and realize the full value of their investment and efforts. Given that, part of our service is partnering with clients to create the type of business value necessary to attract companies like Google. So when we help them realize that value, it is very fulfilling. This is exactly the kind of transaction we're committed to doing more of at Sikich."

As the sell-side advisor, Herbst and the Sikich team were instrumental in collaborating with both the management team and investors of Zave Networks to evolve its strategy and ultimately to engineer a transaction that allowed both the employee stakeholders and investors to realize their objectives.

"The sale of Zave to Google represents a major transaction in the wireless, communications and digital incentive space," said Ronald T. LeMay, managing director with OpenAir Equity Partners, a venture capital firm focused on the wireless, communications and mobile Internet sectors and the primary investor in Zave Networks. "The experience and knowledge of Rick and the team at Sikich were instrumental in negotiating a highly complex transaction through to a successful outcome."

Terms of the transaction were not disclosed.

About Sikich Investment Banking
Based in Chicago, Sikich Investment Banking, part of Sikich LLP, provides mid-market advisory services to companies throughout the United States and abroad. The Firm's partners are known for their expertise in negotiating complicated issues and structures, and navigating through the complexities inherent in industries such as technology, healthcare, life sciences, manufacturing, and others. The strategic advisory acumen of the Sikich partners enables them to effectively guide client companies through the process of defining and honing their value proposition, understanding the competitive landscape and where they fit, and ultimately realizing maximum investment returns. Visit www.sikich.com for more information.

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