Banzai Signs Acquisition of Vidello, Growing TTM Revenue 59% to $17.3M and Adding $2.3M in EBITDA
Banzai International, Inc. - Class A (BNZI)
Company Research
Source: GlobeNewswire
Banzai to Expand Portfolio with Vidello: Next-Generation Video Creation, Editing, and Marketing Suite Expected to add $6.5M in Revenue and $2.3M in EBITDA for the TTM Through September 30, 2024 SEATTLE, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has signed a definitive agreement to acquire Vidello, a technology provider of video hosting and marketing suite solutions for businesses. The acquisition is expected to grow revenue by $6.5M and increase EBITDA by $2.3M for the twelve-month period ended September 30, 2024 on a pro-forma basis. Vidello financials are preliminary and unaudited, and subject to adjustment. Banzai will pay up to an aggregate of $7M in a mix of cash equity to Vidello’s shareholders, subject to certain holdback amounts and future performance targets. Based in London, Vidello offers a
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BNZI
News
- Banzai Completes Acquisition of OpenReel, Expects to Exceed $10.0 Million 2024 Revenue GuidanceGlobeNewswire
- Banzai Appoints Nancy Norton as Chief Legal OfficerGlobeNewswire
- Banzai Announces Definitive Agreement to Acquire OpenReel, Growing TTM Revenue 152% to $10.9MGlobeNewswire
- Banzai to Participate in the iAccess Alpha Virtual Best Ideas Winter Conference on December 10-11, 2024GlobeNewswire
- New to the Street Engages Curate by Banzai to Elevate Investor and Brand EngagementAccesswire
BNZI
Sec Filings
- 12/23/24 - Form SCHEDULE
- 12/20/24 - Form 8-K
- 12/19/24 - Form 8-K
- BNZI's page on the SEC website