RedOrbit.com Completes Strategic Sale to Science Matters Media
Birmingham, Ala. (August 15, 2014) – Founders Investment Banking, LLC (“Founders”) is pleased to announce that RedOrbit.com (“RedOrbit”) has completed a strategic sale to Science Matters Media. Launched in 2002, RedOrbit is a leading online destination for space, science, technology, and health-related news and educational media. Amassing nearly two million pages of unique content over the past decade, the site attracts a highly loyal readership and delivers topical news via a current events blog, informative articles, educational videos, and a mobile app. With the value-added support of Science Matters Media, RedOrbit is positioned to expand its presence within the science niche, execute on a number of growth initiatives, and further leverage its extensive database of unique and highly-targeted content.
“I am extremely proud of the foundation RedOrbit has established over the past decade and am excited to see Sam Savage and the Science Matters Media team propel the Company through this next phase of growth,” said RedOrbit investor James Malone. “The RedOrbit team has always strived to deliver excellent content to the science community, and this outcome opens up a number of exciting opportunities for the platform. We have seen an increasing interest in and appreciation for science-related information. RedOrbit is well-positioned to leverage this momentum to expand its accessibility and continue to educate individuals across the globe.”
“An established brand and a highly scalable platform are two of RedOrbit’s primary characteristics that captured our team’s interest and attention,” said Sam Savage, President of Science Matters Media. “We believe the company has executed extremely well on its goal to become a premier source for space and science-related content. With the Web continuing to shape how news is delivered, RedOrbit is in a unique position to influence the dissemination of highly educational and informative science content to a growing number of Internet-based students and consumers. We are eager to execute on a number of opportunities, which will be accomplished by supporting this talented team and leveraging the site’s vast collection of targeted content.”
Founders served as a consultant to RedOrbit in evaluating its strategic options. “The RedOrbit team has built a top-shelf destination for science and space enthusiasts, and it always excites our team when like-minded individuals join forces to accomplish a larger goal,” said Zane Tarence, Managing Director of Founders’ Software & Internet Practice. “Sam and his team bring significant operational expertise to the table, which will accelerate RedOrbit’s near-term growth initiatives to extend the site’s reach, both digitally and via other mediums. The RedOrbit platform is certainly special, and we look forward to tracking its continued success in the rapidly evolving world of digital content and education.”
RedOrbit.com, headquartered in Tennessee, was founded in November 2002, with the goal of creating the largest, most unique internet community, with the strongest consumer brand, in the most underserved niche on the Web. RedOrbit.com has since become the premier internet destination for space, science, health, and technology enthusiasts around the globe. RedOrbit.com is committed to providing stimulating, original content and presentation, with over 2,000,000 pages covering the vast ideological spectrums of space, science, health, and technology. The beautiful and engaging forum created at RedOrbit.com promotes a friendly and open environment, enhancing user loyalty and community, while advancing RedOrbit’s goal of providing the world with a virtual utopia for intelligent, curious minds.
About Science Matters Media
Science Matters Media is focused on reigniting U.S. interest in science, space, and technology through investment in internet enabled businesses. Its team leverages their extensive background in digital media, operations, and finance to focus on growth opportunities within the market. Their current core vision is expanding mobile, social, and streaming media engagement.
About Founders Investment Banking
Founders Investment Banking is a merger and acquisition advisory firm based in Birmingham, Alabama. Its team’s proven expertise and process-based solutions help companies and business owners access capital and prepare for and execute liquidity events to achieve specific financial goals. The firm’s practice areas include a Technology Practice that serves clients operating nationwide in the software-as-a-service (SaaS), Internet, and Digital Media sectors; a General Transaction Practice, which serves clients from a variety of industries located in the Deep South; and an Oil and Gas Services Practice focused on the U.S. oilfield services sector. In order to assist Founders Investment Banking with securities related transactions, including this transaction, certain Principals are registered investment banking agents of M&A Securities Group, Inc., member FINRA/SiPC. M&A Securities Group and Founders are not affiliated entities. The testimonial presented herein does not guarantee future performance or success. For more information, visit www.foundersib.com.