NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- FE International, a leading global M&A advisor for technology businesses, is pleased to announce the acquisition of Vidello, a video hosting and marketing technology company, by Banzai International, Inc. (NASDAQ:BNZI). This acquisition strengthens Banzai's suite of AI-driven marketing tools, expanding its ability to provide businesses with innovative video solutions. Vidello, headquartered in London, offers a robust set of video marketing tools designed for entr ...

CreateStudio 4.0 Introduces New A.I. Builders, Hook Generators & Assistant, and Improved Audio Visualizer, Call to Action, and UI Improvements SEATTLE, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced the launch of CreateStudio 4.0, the latest version of its award-winning video creation app developed by its Vidello subsidiary. Vidello’s flagshi ...

Core Points - Banzai International, Inc. has demonstrated compliance with Nasdaq's minimum stockholders' equity requirement, allowing its securities to continue trading on The Nasdaq Capital Market [1][3] - The company previously faced a notification regarding its market value being below the minimum requirement, which led to a hearing and a request for a phase-down to The Nasdaq Capital Market [2] - Following the acquisition of Vidello Limited, Banzai filed a Form 8-K showing compliance with the stockholders' equity requirement, resulting in the closure of the Nasdaq compliance review [3] Company Overview - Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes, aiming to help customers grow by effectively targeting, engaging, and measuring both new and existing customers [4] - The company's clientele includes notable names such as Cisco, New York Life, Hewlett Packard Enterprise, and Thermo Fisher Scientific, among thousands of others [4]

Core Viewpoint - Banzai International, Inc. has successfully acquired Vidello, enhancing its portfolio with next-generation video creation, editing, and marketing solutions, which is expected to drive revenue and EBITDA growth [1][2][3] Company Overview - Banzai is a marketing technology company focused on providing AI-enabled marketing and sales solutions for businesses of all sizes, aiming to help customers effectively target, engage, and measure their audience [6] - Vidello, based in London, offers a comprehensive video hosting and marketing suite designed to assist online businesses in growth through video [5] Acquisition Details - The acquisition of Vidello is projected to increase Banzai's revenue by $6.5 million and EBITDA by $2 million for the twelve-month period ending December 31, 2024, on a pro-forma basis [2] - The transaction involves Banzai issuing approximately $2.7 million in cash and 868,204 shares of Class A Common Stock [4] Vidello's Offerings - Vidello has over 90,000 customers and its flagship product, CreateStudio, has received high ratings in the video maker category [3] - Key products from Vidello include CreateStudio, PhotoVibrance, Twinkle, and Vidello itself, which provide various tools for video creation, image transformation, audio needs, and video hosting [8]

Acquisition Overview - Banzai International Inc has signed a definitive agreement to acquire Act-On Software Inc, an enterprise marketing automation platform provider [1] - The acquisition is projected to increase Banzai's revenue by $27 million for the twelve-month period ending December 31, 2025 [3] - The aggregate enterprise value for the merger consideration is $53.2 million, consisting of $33.2 million in Banzai Class A Common Stock and/or Pre-Funded Warrants, and $20.0 million in cash [5] Act-On Software Profile - Act-On is an AI-powered, easy-to-use marketing automation platform with an open data architecture [2] - The platform focuses on enhancing team efficiency and customer engagement across all communication channels [2] - Act-On serves enterprise clients including Hitachi, BestBuy, Progressive Insurance, Sharp, Flextronics, Red Lions Hotels, and SKF Group [2][6] - Key features include lead generation, automated multi-channel marketing, customer journey orchestration, email personalization, customer data management, and sales intelligence [6] Strategic Rationale - The acquisition aligns with Banzai's vision to build a comprehensive suite of AI-driven marketing tools [4] - Act-On's software complements Banzai's existing suite of tools for data-driven marketers [3] - The integration will help marketers create smart, effective programs to drive growth and increase customer lifetime value [3] - Banzai aims to make marketers' jobs easier through AI and seamlessly integrated solutions [3] Transaction Details - The transaction is expected to close in February 2025, subject to customary closing conditions [5] - Additional details regarding the acquisition are included in Banzai's Form 8-K filed with the SEC on January 23, 2025 [5] Company Background - Banzai is a marketing technology company providing AI-enabled marketing and sales solutions for businesses of all sizes [7] - Banzai's customer base includes Cisco, New York Life, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle, and Globe Life [7][8]

Core Insights - Banzai International, Inc. has signed a definitive agreement to acquire Vidello, a video hosting and marketing suite provider, which is expected to add $6.5 million in revenue and $2.3 million in EBITDA for the twelve-month period ending September 30, 2024 on a pro-forma basis [1][8] Company Overview - Vidello has over 90,000 customers and offers key products such as CreateStudio, which has been recognized as a Top 3 Best Rated product in the video maker category by Capterra and a High Performer by G2 [2] - The company provides a comprehensive suite of tools for video creation, hosting, and marketing, aimed at helping online businesses grow [9][13] Transaction Details - The acquisition will involve an aggregate payment of up to $7 million, consisting of cash and equity, subject to certain holdback amounts and performance targets [1][12] - The transaction is expected to close in December 2024, pending customary closing conditions [12] Strategic Importance - The acquisition is seen as a strategic move for Banzai to enhance its portfolio of AI-powered marketing tools, with a focus on video content as a key marketing medium [11] - Banzai's CEO expressed confidence that Vidello's products will significantly ease the process of creating engaging video content, which is increasingly important in marketing [11]

SEATTLE, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:BNZI) ("Banzai" or the "Company"), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has successfully closed its previously announced acquisition of OpenReel, a leading digital video creation platform. Additionally, the company announced that it plans to exceed the top end of its previously disclosed revenue guidance of $10.0 million in FY 2024. OpenReel enables c ...

Core Insights - Banzai International, Inc. has appointed Nancy Norton as Chief Legal Officer, bringing extensive legal and corporate governance expertise to the company [1][2][3] - Nancy Norton has a strong background in guiding high-tech and biotech companies through growth, having held significant legal positions at Novartis, Kymeta, Ingram Micro Cloud, and Avanade [2][3] - The company aims to leverage Norton's expertise in licensing, privacy, regulatory matters, M&A, and commercial transactions to enhance its strategic and legal capabilities as it scales [3] Company Overview - Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes, focusing on customer growth [4] - The company serves a diverse clientele, including notable names such as Cisco, New York Life, and Hewlett Packard Enterprise, among thousands of others [4]

SEATTLE, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has engaged Shareholder Intelligence Services, LLC (“ShareIntel”) to review the trading history of the Company's common stock. ShareIntel utilizes a patented process called DRIL-Down™ to aggregate and analyze and monitor repository data from reporting entities, broker-dealers and ...

SEATTLE, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that its Board of Directors has approved the purchase of Bitcoin as a treasury reserve asset. The Company’s Board of Directors has authorized Banzai to use company funds to purchase and hold an amount of Bitcoin comprising up to 10% of the Company’s corporate treasury account for the pur ...