San Diego-based WebSideStory, Inc. announced May 5 that it had completed its acquisition of Atomz, a privately held Silicon Valley company that makes software for Web sites, in a stock and cash deal.
Atomz shareholders will receive 3.1 million shares of WebSideStory common stock and $4.3 million in cash. Additionally, they may receive an additional payment, which could be as much as $4.1 million, based on the achievement of certain revenues by Atomz in the next 15 months.
WebSideStory also makes software for Web sites, including software that measures Web site use. Latham & Watkins LLP of Los Angeles represented WebSideStory in the deal, which closed May 4.
Steve Kusmer, who served as Atomz’s chief executive officer, will become senior vice president and general manager of the WebSideStory Search and Content Solutions business unit.
Atomz, whose legal name is Avivo Corp., is based in San Bruno.
WebSideStory trades on the Nasdaq under the symbol WSSI. Its stock closed May 5 at $10.83, down almost 5 percent from its May 4 closing price.
, Brad Graves