ST. PAUL, Minn.--(BUSINESS WIRE)--Deluxe Corporation (NYSE: DLX) today announced it has acquired OrangeSoda, Inc., a leading internet marketing services company specializing in search, mobile, and social media campaign strategies for small businesses. OrangeSoda provides services directly to small businesses as well as through a growing number of strategic partners in media, telecommunications, home services, and other industries. The company employs approximately 175 people and will continue to be headquartered in American Fork, Utah.
“Deluxe will accelerate revenue growth in marketing solutions and other services by combining our organic capabilities with OrangeSoda’s innovative solutions, scalable provisioning platform and tools, and established market presence,” said Malcolm McRoberts, senior vice president small business services at Deluxe. “Orange Soda has built compelling services offers and channels targeted at key small business marketing pain points. As a result of this acquisition, Deluxe adds differentiated solutions and capability that help support growth for our small business customers.”
Deluxe purchased OrangeSoda for $27.7 million in cash. The acquisition is expected to generate approximately $15 million in incremental revenue and be slightly dilutive to EPS for the remainder of 2012, after including transaction costs and acquisition-related amortization expense.
“Deluxe is a great fit for OrangeSoda because both companies are focused on helping small businesses grow their online presence,” said Jay Bean, CEO and founder of OrangeSoda. “Together we will have one of the most competitive suites of online services in the marketplace. We are also excited about the expanded services we can offer our combined channel partners, and the revenue potential of these relationships.”
About Deluxe Corporation
Deluxe is a growth engine for small
businesses and financial institutions. Four million small business
customers access Deluxe’s wide range of products and services including
customized checks and forms as well as web-site development and hosting,
search engine marketing, logo design and business networking. For
financial institutions, Deluxe offers industry-leading programs in
checks, customer acquisition, regulatory compliance, fraud prevention
and profitability. Deluxe is also a leading printer of checks and
accessories sold directly to consumers. For more information, visit us
at www.deluxe.com,
http://www.facebook.com/deluxecorp
or http://twitter.com/deluxecorp
About OrangeSoda
Founded in 2006, OrangeSoda offers online
marketing to local businesses with a unique blend of intelligent service
and simple technology. By harmonizing services that cover the entire
search engine results page, OrangeSoda provides the best return on
investment. By using insider knowledge of how people use the Internet
and how local businesses work, OrangeSoda always targets the right
customers for clients. By integrating services and technology,
OrangeSoda makes it easy for partners to provide Internet marketing
services to their customers.