Bridgeline Digital Acquires Magnetic

WALTHAM, MA — Bridgeline Digital, Inc. (NASDAQ: BLIN), a developer of leading edge web application management software and award-winning interactive technology solutions that help organizations optimize business processes, has acquired Magnetic, a provider of web application development, web design, mobile application developement, usability , web content management system implementations, and eCommerce implementations. Attorneys for this acquisition were Joseph Marrow, Daniele Ouellette Levy, and Ronald W. Crawley.

Morse, Barnes-Brown & Pendleton serves as counsel to Bridgeline Digital and advised it in connection with the structuring, negotiation and documentation of this transaction.

Bridgeline Digital is headquartered near Boston with additional locations in Atlanta, Chicago, Cleveland, Denver, New York, Washington, D.C., and Bangalore, India. TMX Interactive had annual sales of approximately $2.4 million in 2009 and is headquartered just outside of Philadelphia, Pennsylvania servicing a .NET customer base that includes LG Electronics, Northwestern Mutual, PNC Bank, and Sony.

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