News @ DataSphere

DATASPHERE TECHNOLOGIES, INC. SELLS ALL ASSETS IN TWO SEPARATE TRANSACTIONS


BELLEVUE (June 1, 2017) – DataSphere Technologies, Inc. (the “Company”) announced today that it has sold all of its assets.

DataSphere Local (DSL) assets were purchased by Sinclair Broadcast Group, Inc. on June 1, 2017. DataSphere has a telesales operation that complements Sinclair’s digital agency, Compulse, with proprietary software that will increase efficiency and streamline products. DSL’s technology development team will be leveraged to continually enhance Sinclair’s digital agency products. Its integrated suite of products and platforms allows for automated creation of professional websites, videos, and landing pages for clients, hyperlocal marketing with an extensive distribution network of media partner websites, and relationship management with lead identification for tracking consumer activity using proprietary CRM solutions.

“DataSphere’s technology and sales operation will be a great addition to Sinclair and our Compulse digital agency,” said Sinclair Digital Group Chief Operating Officer, Rob Weisbord. “The tools and sales team being acquired will allow us to expand our marketing services to businesses throughout the country and increase fulfillment, sales efficiency and customer stickiness across multiple product lines.”

LandWatch.com assets were purchased by CoStar Group (NASDAQ:CSGP) on May 10, 2017. Joining Lands of America and Land and Farm, the addition of LandWatch brings together three of the most prominent land-dedicated sites. Collectively, the network of sites provides buyers with the most comprehensive choice of rural real estate, and property owners with the highest exposure for their listings. “Solidifying our position as the No. 1 online network of marketplaces for rural real estate, the acquisition of LandWatch.com effectively doubles the exposure and leads available to property sellers and the number of rural listings available to the buyers,” said Andrew Florance, Founder and CEO of CoStar Group. “Land is the single most valuable real estate asset class in the U.S., and by dramatically increasing the scale of our existing Land business we are putting in motion a plan to transform the land buying experience.” Each of the business units was acquired as a going concern, and all employees were retained. The financial terms of the transactions were not disclosed.

“The whole team is proud of the Company we have built over the last ten years” said Company CEO Satbir Khanuja. “These transactions will allow our employees to leverage our technology platforms and automated processes across much larger businesses and to realize their full potential. I want to take this opportunity to thank all of our current and former employees and our investors for their part in helping to make this journey possible.”


Contact: Tim ONeil, CFO DataSphere Technologies, Inc. (425)691-1238


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