AudioEye acquires Bureau of Internet Accessibility for $5M cash; earn-out up to $10.5M total

AUDIOEYE INC

Acquired all equity of BoIA from sellers including Mark Shapiro; closing on March 9, 2022.
Base purchase price $5.0M cash, subject to customary adjustments for net working capital and debt.
Sellers eligible for $1.0M additional payment on first anniversary and earn-out based on 2022/2023 revenue; max total $10.5M.
BoIA provides automated testing and step-by-step accessibility remediation; employees join AudioEye.
Acquisition strengthens AudioEye's human-led services and custom solutions for digital accessibility.

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