QUOTE AND NEWS
Benzinga  Nov 18  Comment 
In a report published Monday, Stifel analyst George Askew terminated coverage on Active Network (NYSE: ACTV). In the report, Stifel noted, “We are dropping coverage of The Active Network, Inc. because the company's acquisition by Vista Equity...
Cloud Computing  Nov 15  Comment 
ACTIVE Network (NYSE: ACTV) (the “Company” or “ACTIVE”) and Vista Equity Partners (“Vista”) today announced the successful completion of the tender offer (the “Offer”) by Athlaction Merger Sub, Inc. (“Merger ...
Benzinga  Nov 7  Comment 
SAN DIEGO--(BUSINESS WIRE)-- In connection with the previously announced agreement to acquire ACTIVE Network (NYSE: ACTV) Vista Equity Partners (“Vista”) and Active today announced that Athlaction Merger Sub, Inc. ...
StreetInsider.com  Oct 30  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Active+Network+%28ACTV%29+Posts+Q3+Loss/8828044.html for the full story.
CNNMoney.com  Oct 24  Comment 
Changes at North Bridge Venture Partners, as firm contemplates next early-stage fund.
Cloud Computing  Oct 8  Comment 
ACTIVE Network (NYSE: ACTV) (the “Company” or “ACTIVE”) and Vista Equity Partners (“Vista”) today announced that Athlaction Merger Sub, Inc. has commenced the previously-announced tender offer for all of the ...
Benzinga  Oct 1  Comment 
In a report published Tuesday, Jefferies analyst Brian Pitz downgraded the rating on Active Network (NYSE: ACTV) from Buy to Hold, but raised the price target from $10.00 to $14.50. In the report, Jefferies noted, “Two months after management...
Benzinga  Oct 1  Comment 
Analysts at Bank of America downgraded CEPHEID (NASDAQ: CPHD) from “buy” to “neutral.” The target price for CEPHEID has been raised from $39 to $41. CEPHEID's shares closed at $39.04 yesterday. Canaccord Genuity downgraded Universal...
TheStreet.com  Sep 30  Comment 
NEW YORK (TheStreet) -- Event management firm Active Network on Monday, Sept. 30, agreed to be acquired by private equity firm Vista Equity Partners in a deal that values the company at about $1.05 billion. Terms of the deal call for holders...
Benzinga  Sep 30  Comment 
The Active Network (NYSE: ACTV) rose 26.05% to $14.37 after the company agreed to be taken private by Vista Equity Partners for $1.05 billion. Accelerate Diagnostics (NASDAQ: AXDX) jumped 17.54% to $13.00. Accelerate Diagnostics shares have...




 
TOP CONTRIBUTORS


The Active Network (NYSE:ACTV), is the leading provider for organization-based cloud computing applications. The company is the largest online registration platform for customer groups such as business and community events as well as sporting and outdoor activities. The Active Network's primary revenue model is based on collecting technology fees paid by clients that run the proprietary technology platform to streamline online registration processes. The company's software allows participant companies to automate previously manual or low-tech processes with cloud computing technology. [1]

As activity and online event registration continues to grow, companies often find themselves entrenched with previously inefficient customer interface platforms. In order to upgrade technology platforms, companies lack the core competencies to create low-cost, reliable platforms that can handle the large amounts of data-input required to support their activities. These sorts of cloud computing applications provide an operationally efficient solution, manage participant and activity information, communicate real-time with event participants, and provide efficient marketing channels for this growing demand for online event registration platforms. [2]

The company's initial public offering of stock on the NYSE occurred on May 24, 2011. The company offered 11M shares each for $15. This was below the projected prive range of $16-$18. The offering raised a total of $1.3B. The lead managers of the IPO were Bank Of America (MXK:BAC), Merrill Lynch (MER)/Bank of America (BAC), and Citigroup (C). [3]

During the full year 2010, the company reported a total revenue of $280M and its net income $150K. This was a 13% increase in total revenue and a 23% decrease in net income as compared to 2009.[4]

  1. S-1/A 2011 PROSPECTUS SUMMARY "Overview" pg 1-2
  2. ACTV S-1/A 2011 PROSPECTUS SUMMARY "Our Industry" pg 2-3
  3. Renaissance Capital - IPO Home " The Active Network prices IPO at $15, below its $16-$18 range" 24 May 2011
  4. ACTV S-1/A 2011 PROSPECTUS SUMMARY "SELECTED CONSOLIDATED FINANCIAL DATA" pg 8
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