PORTLAND, OR--(Marketwired - April 01, 2016) - TigerLogic Corporation (TIGR) today announced that on March 31, 2016 it closed the sale of its Postano business to Sprinklr, Inc., the world's most complete enterprise social technology company.
Postano, a leading social visualization platform, enables brands to find, curate, and analyze the best social fan content and publish it as stunning visualizations across web, mobile, and live screen displays for industries such as sports, retail, and events. Postano's technology is expected to enhance Sprinklr's Command Center and other display capabilities, allowing brands to better interpret and share data across their organization, while also giving them greater creativity and scale in the execution of visual experiences online and offline.
As previously announced, TigerLogic is also pursuing the sale of its assets associated with its Omnis rapid application development software business, and intends to consummate such a sale as soon as possible. Although no definitive agreement has been reached, the Company remains in negotiations with an unaffiliated third party regarding the potential sale of the Omnis business and has engaged a financial advisor to assist it in identifying and engaging other potential purchasers. Once the sale of the Omnis business is complete, the Company plans to file a certificate of dissolution with the Secretary of State for the State of Delaware, and to proceed to wind up its business and liquidate its assets to stockholders. No specific timeframe for the completion of these actions has been established, and the record date for any such distribution has not been determined.
About TigerLogic Corporation
TigerLogic Corporation (TIGR) is a global provider in engagement solutions. For more information about TigerLogic and its products visit http://www.tigerlogic.com.
D.A. Davidson & Co. served as the exclusive financial advisor to TigerLogic Corporation in its sale of the Postano business.
About Postano
Postano is a real-time, visual marketing platform that finds and curates the best social fan content and publishes that content as stunning visualizations across web, mobile and live screen displays for industries such as sports, retail, events and beyond. The platform helps customers engage and strengthen their social channels, including on Facebook, Twitter, Instagram, Vine, Tumblr, Vimeo, Google+, Flickr, Foursquare, YouTube, Weibo and RSS feeds. Postano, which is TigerLogic Corporation's flagship product, is based in Portland, Ore. For more information about Postano, visit www.postano.com.