Actua Corporation announced that it has agreed to sell its GovDelivery business to Vista Equity Partners in a deal worth $153 million. Actua originally acquired GovDelivery in 2009 for $20 million. GovDelivery’s digital communications platform is used by over 1,800 customers to promote usage of services, enhance public awareness and increase citizen involvement. While GovDelivery’s exact annual revenue is not disclosed, it’s estimated to be over $50 million. The transaction is expected to close in the fourth quarter of 2016. Stephens Inc. served as the deal advisor to GovDelivery.
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