TMCnet News
ACI Media Group Buys Minority Stake in MyDistrict.netACI Media Group, the nation's leading multi-channel print distribution group, announced today that it purchased a minority stake in MyDistrict Net LLC, a leader in newspaper distribution software. The relationship between ACI and MDNet will allow both companies to expand their capabilities and develop new technology products focused on the Logistics and Distribution industries. As a condition of the deal, both parties mutually agreed that an ethical wall would be built to safeguard the confidential data of MDNet's customers to ensure that neither ACI nor any other partner of MD.net would ever have access any confidential data stored by MDNet. Robert Hudson, CEO of MDNet, said, "This relationship will not only help MDNet drive more features and value to its current news-print distribution customers, it will also allow MDNet to transform itself into a mobile application provider for multiple-vertical segments throughout the Home Delivery supply chain. This is our vision and now we have the right partnership structure to move towards our long term goals as a company … for the benefit of all of our customers." Keith Somers, CEO of ACI Media Group, said, "We are very excited about our relationship with MDNet. We look forward to working very closely with them on the development of software applications that will take the home delivery industry to the next level for all of MDNet's current and future customers."
Representing ACI Media Group were Andrew Apfelberg, Chad Coombs, and Richard Sweet from Greenberg Glusker LLP. About MyDistrict Net MyDistrict.Net is a technology company that has been serving the newspaper industry for 15 years. MyDistrict.Net began by developing software for managing newspaper home delivery businesses for the Dallas market, and began servicing The Dallas Morning News in 2001. The MyDistrict.Net solution has grown, now providing full integration with newspaper circulation systems, accounting, service level monitoring, dispatch, and much more to 45 markets across the United States. MyDistrict.Net is popular with both distributors and publishers because it offers substantial benefits to both parties, while preserving the distributors' independence and confidentiality. MyDistrict.Net is intent on leveraging its rich experience with route delivery to bring additional revenue streams to our existing customers. It is actively developing technology necessary to efficiently execute deliveries that are traditionally outside of its current industry. For more information, visit MyDistrict.net. About ACI Media Group ACI, headquartered in Long Beach, CA (News - Alert), and founded in 1965, is the nation's leading provider of multi-channel distribution services. ACI is the only company that offers publishers a full selection of delivery services, including paid home delivery, single-copy, TMC (News - Alert)/niche distribution, Sunday Select targeted delivery and their trademarked "Do No Harm" launch strategy. For more information, visit ACIMediaGroup.com. About Greenberg Glusker LLP Greenberg Glusker LLP is a premier full-service law firm based in Los Angeles providing strategic legal and business counsel to clients around the world. Companies of all sizes and industries take advantage of the firm's experienced professionals focusing on bankruptcy, corporate, employment, entertainment, environmental, intellectual property, litigation, real estate, taxation and trusts and estates. For more information, visit GreenbergGlusker.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20150519007198/en/ |
