Digimarc Corporation To Acquire Product Cloud Company EVRYTHNG Limited
PR93050
BEAVERTON, Ore., Nov. 15, 2021 /PRNewswire=KYODO JBN/ --
- Digimarc and EVRYTHNG unite the world's most powerful product identification
engine with the industry's most advanced product intelligence cloud platform
Digimarc Corporation (https://c212.net/c/link/?t=0&l=en&o=3358453-1&h=1804830954&u=http%3A%2F%2Fwww.digimarc.com%2F&a=Digimarc+Corporation) (NASDAQ: DMRC), creator of Digimarc watermarks that are driving the next
generation of digital identification and detection-based solutions, announced
today it entered into a definitive agreement to acquire the Product Cloud
company EVRYTHNG Limited (https://c212.net/c/link/?t=0&l=en&o=3358453-1&h=2475986765&u=http%3A%2F%2Fwww.evrythng.com%2F&a=EVRYTHNG+Limited) in a stock transaction.
Logo - https://mma.prnewswire.com/media/461519/digimarc_logo.jpg
"This acquisition allows us to provide a complete solution set to our
customers," explains Digimarc CEO Riley McCormack. "The best determinant of a
technology product's value is how much of the customer's problem it can solve.
By combining Digimarc's unique and advanced means of identification with the
pioneer and most advanced supplier of product item business intelligence using
any means of identification, we are now uniquely positioned to unlock
additional solutions for our customers and enhance their Digimarc journey."
EVRYTHNG is the market leader and pioneered the Product Cloud category, linking
every product item to its Active Digital Identity(TM) on the web and joining-up
product data across the value chain for visibility, validation, real time
intelligence, and connection with people.
From enabling more sustainable, more transparent, and more secure supply chains
to empowering consumers to verify the authenticity of products and
recyclability of their packaging, combining Digimarc's unique means of
identification with the EVRYTHNG Product Cloud(R) makes it possible to gather
and apply traceability data from across the product lifecycle, unlocking
end-to-end visibility and authenticity through item-level, real-time
intelligence and analytics.
"Not only are our product solutions and technology competencies directly
complementary and naturally connected," explains EVRYTHNG CEO & Co-founder
Niall Murphy, "but our company values and cultures are deeply aligned, with a
focus on executing as a team, committing to audacious goals, and genuine
innovation with exceptional talent. We're excited to join the Digimarc team to
meet important customer needs with product data driven solutions."
The acquisition expands the geographic footprint for both companies. EVRYTHNG,
based in London with offices in New York, Beijing, Minsk, and Lausanne is
finding much success in North America. Conversely, Digimarc, based in the
Portland, Oregon area, has a growing customer base across Europe.
Details Regarding the Proposed Acquisition
Digimarc will acquire EVRYTHNG for shares of Digimarc common stock. The
proposed transaction is subject to the satisfaction or waiver of certain
closing conditions and is expected to close in January 2022.
Additional details and information about the terms and conditions of the
acquisition will be available in a current report on Form 8-K to be filed by
Digimarc with the Securities and Exchange Commission.
Forward Looking Statements
This press release may be deemed to contain forward-looking statements relating
to Digimarc's expectations, plans, and prospects, including expectations
relating to the benefits that may be derived from the transaction. These
forward-looking statements are based upon the current expectations of
Digimarc's management as of the date of this release and are subject to certain
risks and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements including, without
limitation, risks related to conditions to the closing of the acquisition that
may not be satisfied, the potential impact on Digimarc's business due to the
announcement of the acquisition, the occurrence of any event, change or other
circumstances that could give rise to the termination of the definitive
agreement between the parties, changes to EVRYTHNG's financial condition
(including any unknown or unexpected liabilities), risks related to the
integration of the companies, and general economic conditions. Therefore,
actual results may differ materially and adversely from those expressed in any
forward-looking statements. The forward-looking statements included herein are
made only as of the date hereof, and Digimarc undertakes no obligation to
revise or update any forward-looking statements for any reason.
About Digimarc
Digimarc Corporation (NASDAQ: DMRC) is a pioneer and leader in digital
watermarking solutions and the automatic identification of media, including
packaging, commercial print, and digital images. Digimarc helps customers drive
efficiency, accuracy and security across physical and digital supply chains.
Visit www.digimarc.com and follow us on LinkedIn (https://c212.net/c/link/?t=0&l=en&o=3358453-1&h=3094495592&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fdigimarc%2F&a=LinkedIn) and Twitter (https://c212.net/c/link/?t=0&l=en&o=3358453-1&h=1335519073&u=https%3A%2F%2Ftwitter.com%2Fdigimarc&a=Twitter) to learn more.
About EVRYTHNG
The EVRYTHNG Product Cloud(R) helps global consumer product brands run their
businesses differently by knowing what their products know. The EVRYTHNG
Product Cloud(R) links every product item to its Active Digital Identity(TM) on
the web—joining-up product data at every point in the value chain for
visibility, validation and real-time intelligence and to connect with people.
EVRYTHNG is a World Economic Forum Global Innovator. Its founders originated
the Web of Things. Learn more at EVRYTHNG.com and @EVRYTHNG.
SOURCE Digimarc Corporation
CONTACT: Lara Burhenn, Lara.Burhenn@digimarc.com, +1 503-469-4704
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