Friday, February 21, 2014
ACTIVE Network Splits, Sells Off Business Group
San Diego-based ACTIVE Network has split off its business products group, ACTIVE Network Business Solutions, and merged it with a Texas company, Lanyon. Financial terms of the merger and acquisitions deal were not announced. According to ACITVE Network Business Solutions, it is separating from parent company ACTIVE Network, and will merge with Lanyon to focus on the event marketing and meetings management space. Both companies are owned by private equity company Vista Equity.