Taft is pleased to have acted as legal counsel to Ahalogy in its sale to Quotient Technology Inc. (NYSE: QUOT). Quotient will pay approximately $20 million in upfront consideration, subject to certain adjustments at closing, and additionally, contingent consideration of up to $30 million payable upon the achievement of certain financial metrics.
Ahalogy was founded as Pingage in 2012 and was an early graduate of the Brandery startup accelerator in 2012. The company helps brands market on social media platforms and has developed a platform to determine trending themes that are of interest to brands and pair those brands with influencers. Quotient is a digital promotions, media and analytics company out of Mountain View, Calif. that delivers digital coupons and ads to millions of shoppers daily.
Taft’s legal team included Robert McDonald, Maggie Muething, Derek Tucker and Marissa Huffman.