FOR IMMEDIATE RELEASE:

Gridley Advises GSI Commerce in Acquisition of Silverlign Group Inc.

 

Gridley & Co Serves as Financial Advisor

NEW YORK (April 8, 2009) – Gridley & Company LLC (Gridley & Co.), a New York based boutique investment bank that specializes in the Information Services industry, today announced that the firm served as the exclusive financial advisor to GSI Commerce, Inc. (GSI) in its successful acquisition of Silverlign Group Inc., an award-winning interactive agency based in the San Francisco Bay Area. The deal marks the second time Gridley has supported GSI in identifying and executing on an acquisition of a best-in-class interactive marketing company.

In January 2008, Gridley & Co. served as GSI’s exclusive financial advisor on their successful $157 million acquisition of leading e-mail marketing company, e-Dialog.

“This transaction is a perfect example of the importance of strengthening digital capabilities through targeted strategic acquisitions,” said Linda Gridley, CEO and President, Gridley & Company. “We expect to see an increasing number of opportunities in the upcoming months at attractive valuations that will provide companies with strong prospects to build and strengthen their digital capabilities. Long term trends definitely favor the Internet as a preferred advertising channel, and we expect online to be a huge beneficiary of the billions of dollars displaced from failed newspapers and magazines. We are proud to serve GSI and look forward to working with them in the future.”

Gridley & Company has recently completed a thorough review of the most interesting opportunities in online marketing today, and is continually meeting with senior leaders and investors in the industry to share insights and exchange ideas.  For more information or to arrange a meeting with the Gridley team to discuss areas of opportunities, please call Linda Gridley at 212-400-9710.