FunctionX Inc (NASDAQ:FNCX), which happens to be one of the top social publishing and interactive media platforms has today gone ahead to make an announcement in regards to its decision to amend the terms associated with the previously disclosed binding term sheet to purchase BumpClick LLC.
BumpClick, as was reported earlier on by some credible sources leverages on industry relationships and technology in a bid to try and maximize distribution and revenue from its wide array of networks, as well as the social assets and the social followers tied to this are about 60 million.
A short while back, BumpClick successfully winded up on the acquisition of ViralNova and of course that included the proprietary CMS and analytics and reporting software by the name “Nova.” That is in line with the numerous related social assets.
Some of the top trusted sources indicate that indeed BumpClick is seriously considering optimizing as well as growing this particular asset and it is important to report that work is underway at the moment.
It is also crucial to point out that the impact of this acquisition following closing with Function(x) may turn out in a way substantial and of course that spells out the fact that there will be approximately 39.8 million monthly sessions attributable to quite a large group of users.
While speaking to a number of news reporters, one of the top executives working with FunctionX Inc said that it was indeed a moment of great excitement that the time had finally come. He outlined that it was a great step forward to have acquired BumpClick since the company will be able to operate with even greater impetus.
The Executive Chairman and CEO of Function(x), Robert FX Sillerman was positive that Sean Beckner, who happens to be the Founder and CEO of BumpClick will help the company in a great way to forge forward.
This was in close consideration of the fact that he would pull in with a remarkable track record of execution which is what the provider needs the most at this point in time. The future is something we just have to wait and see!
