Internet Capital Buys Majority Stake In GovDelivery For $19.7 Million

GovDelivery

Holding firm Internet Capital has bought a majority stake in GovDelivery, which provides a host of communications services for governments; Internet Capital is paying $19.7 million for 89 percent of the company. GovDelivery’s products include social network for government employees GovLoop, which it purchased in late September. Other services let government entities send news to citizens via e-mail, text alerts, and social media. The company expects to make $13 million in revenue this year, up from $9 million last year. More in the release from Internet Capital and the one from GovDelivery here.

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