French digital marketing firm Valtech acquires Australian start-up Neon Stingray

Australian start-up Neon Stingray has been acquired by Paris-based Valtech for an undisclosed sum and will become an Asia Pacific hub for the French digital marketing and technology firm.

The announcement: 

Sydney, 19 August 2014 – Australian connected objects and video technology startup Neon Stingray, today announced its acquisition by Paris-headquartered Valtech (NYSE Euronext Paris: FR0011505163 – LTE). The purchase, for an undisclosed sum, will see Neon Stingray’s Sydney office become a key Asia-Pacific hub for the global digital marketing and technology giant. Neon Stingray’s Stockholm based office will also merge with Valtech’s established Scandinavian presence.

Sebastian Lombardo, Chairman & CEO of Valtech said the acquisition of Neon Stingray will advance the group’s global footprint and add important technology capabilities to the business.