Razorfish Sold to SBI for $8.2 Million

Share this article:
Internet professional services firm SBI and Co. said Friday that it will acquire interactive services shop Razorfish Inc. for $8.2 million.


The deal, approved by both companies' boards of directors, is expected to close in the first quarter, pending shareholder approval. About 200 Razorfish employees will join SBI's 700-members staff. Razorfish has offices in New York, Boston, San Francisco, Silicon Valley and Los Angeles.


SBI said the deal will allow it to expand into more U.S. cities as well as grow its customer list.


"Razorfish's people, customer relationships, and service offerings are an excellent fit with SBI's business and solidifies our position as an industry leading professional services firm," said SBI president/CEO Ned Stringham.


Once considered a leading Web design firm, Razorfish at one time had a $2 billion market cap and 1,800 employees.


Share this article:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Ramp Introduces Video Platform for Marketers

Ramp Introduces Video Platform for Marketers

The cloud-based platform syncs with marketing automation and capitalizes on user behavior to extend view times.

CMOs Who Take Charge of Digital Make More Money

CMOs Who Take Charge of Digital Make More ...

Chief marketers who usurp the CDO role earn the board's respect, as well as base salaries of $500,000 and up, says a new study.

Microsoft Set to Overtake Yahoo in Ad Revenues

Microsoft Set to Overtake Yahoo in Ad Revenues

Marissa Mayer can take credit for reversing ad declines. Still, her company will fall out of digital's Top 3 by year's end, according to eMarketer.