24/7 Buys Select Promotions Assets of NowMarketing

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Aiming to boost its promotions offerings, 24/7 Real Media Inc. yesterday announced the purchase of select assets of NowMarketing, a three-year-old New York firm that measures online direct marketing campaigns.


The asset purchase brings with it three product lines: VFlash Messenger, a branded online messaging desktop application for company communications with consumers and businesses; NowBox, a customized desktop communication channel for managing real-time content; and interactive CD composition and production.


Companies using these products include Coca-Cola Co., Ford Motor Co., Revlon, McDonald's Corp., DDB Worldwide, Blockbuster, NBC and Clear Channel.


The purchase will complement 24/7's iPromotions model to drive customer acquisition online. The three NowMarketing product lines will also dovetail with 24/7's Open AdStream advertisement serving software.


Terms of the deal were not disclosed by the New York-based 24/7. The acquisition also requires NowMarketing ultimate parent Elron Electronic Industries Ltd., an Israeli holding company, to make a $1.25 million investment in 24/7.


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