This deal - Local Matters + Mobile People - will be of interest to people in the local search and IYP space. The deal had been rumoured for months now and so no surprise to see it finally announced. The combined company should be able to provide a more comprehensive solution to new and existing customers. There are no details on the value of the deal. If anyone has any info on the deal size or wants to speculate please comment… Note: Local Matters are a fairly significant partner with FAST in terms of using the FAST search platform for as a core element of LMI’s solution. It will be interesting to see how this relationship evolves once FAST is part of MSFT.
Here’s the full release from the LMI site:
March 28, 2008For Immediate ReleaseLocal Matters and mobilePeople Merger Provides Unique Offering to Directory PublishersCopenhagen/London, NN March, 2008 – Local Matters, Inc., a Denver, Colorado based Media Technology Solutions provider, and mobilePeople a/s, a Copenhagen, Denmark based local mobile search and advertising provider, have entered into a Share Purchase Agreement on March 21, 2008. Under the terms of the transaction, Local Matters will acquire all of the outstanding capital stock of Mobile People in exchange for a combination of cash and Local Matters stock. The combined company would provide directory publishers, media publishers and directory assistance providers with media technology solutions that connect consumers and advertisers across digital channels including the internet, wireless and voice.There are now more than three billion global mobile users, and local search ranks among the top content categories that consumers utilize on their mobile phones. Publishers are increasingly extending into Internet and mobile to capture users and local advertisers.
Local Matters’ CEO Perry Evans said: “We chose mobilePeople because we believe they have the best technology to create a mobile distribution presence for publishers. Its expertise, its track record and its innovation cycles set them apart from the many other companies in this space. Our aim now is to be the preferred one-stop shop for directory publishers and directory assistance providers for outsourced media technology solutions online, on wireless and on voice.”
The two companies formed a business partnership in 2006 and have several joint initiatives in progress. The closing of the transaction is subject to additional closing conditions and is currently expected to close in the second quarter of 2008.





