Yazam Buys Two Philadelphia ShopsQuick on the heels of acquiring London-based First Tuesday, investment firm Yazam has acquired two Philadelphia-area communications shops.
Gregory Communications Inc. and Financial Communications Associates, both strategic partners in the past decade, are now part of New York-based Yazam's portfolio of public relations and investor relations firms. Financial terms of the cash-and-stock deal were not disclosed.
Following the deal, Gregory and Financial Communications were merged into a single entity, Gregory FCA.
"The combined resources of Yazam with Gregory FCA will create a larger platform for us to create national PR campaigns for technology companies," said Tony DeFazio, executive vice president at Gregory, Ardmore, PA.
Gregory's clients include PrimeShot.com, CoreMarkets.com, Pollen.com, Wingage Corp., SyncIt.com, VSI Communications Group, and its buyer, Yazam.
Gregory took on Yazam as a client this spring and also represented the company founders' previous venture, PictureVision. Opened last year, Yazam invests in early-stage start-ups and has offices in London, Jerusalem, San Francisco, Washington and Tokyo.
Yazam's financial sponsors include Merrill Lynch & Co., Carlyle Internet Partners Europe, Charles Schwab, Texas Pacific Group, and J.P. Morgan & Co.