Bridgeline Digital Acquires TMX Interactive

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 completed an asset acquisition of TMX Interactive, Inc., for $1.7 million in a combination of cash, debt, earn out, and deferred revenue consideration. The acquisition expands the company's presence into the Philadelphia region.

Morse, Barnes-Brown & Pendleton serves as counsel to Bridgeline Digital and advised it in connection with the structuring, negotiation and documentation of this transaction. Joseph Marrow and Daniele Levy were attorneys for 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.

Morse, Barnes-Brown Pendleton, PC, focuses exclusively on the core legal services that businesses need to succeed. The law firm assists businesses of all sizes — from start-ups to Fortune 1000 companies — in the areas of business law, technology and intellectual property, employment and immigration and taxation.

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