Axel Springer Digital Ventures sells Smarthouse Media to adesso AG




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04.05.16

Axel Springer Digital Ventures sells Smarthouse Media to adesso AG

To press release overview

Smarthouse Media GmbH, a leading full-service provider of online financial applications based in Karlsruhe, has been sold by Axel Springer Digital Ventures GmbH and its founders to adesso AG. With 120 employees, Smarthouse Media generated revenues of approximately EUR 16 million in 2015. The purchase price amounts to circa EUR 24 million. 

Jens Müffelmann, CEO of Axel Springer Digital Ventures: “Axel Springer Digital Ventures was a majority owner of Smarthouse Media for more than 15 years. We would like to thank the staff, the management and the founders for their commitment and hard work. The sale of Smarthouse Media, a pure B2B player, is related to our focus on our strong journalistic brands as well as our marketing and classified ad models.”

Smarthouse Media operates over 300 portals on the basis of its own product solutions and meets the IT security and compliance requirements of banks and stock exchange operators.  

Press Contact Axel Springer SE:
Michael Schneider

Tel: +49 30 2591 77644