Integral Ad Science Holding Corp. (IAS) announced on September 24, 2025 that it has entered into a definitive agreement to be acquired by private‑equity firm Novacap in an all‑cash transaction valuing the company at approximately $1.9 billion. The deal will pay $10.30 per share, representing a premium of about 22% to IAS’s closing share price on September 23, 2025, the last full trading day before the announcement.
Under the terms of the agreement, Novacap will acquire all outstanding shares of IAS, making the company a privately held entity. The transaction has received unanimous approval from IAS’s board of directors and is expected to close before the end of 2025, subject to customary closing conditions and regulatory approvals. The deal also includes the conclusion of Vista Equity Partners’ investment in IAS upon completion.
This acquisition marks a significant strategic shift for IAS, removing it from public markets and positioning it to accelerate investment in AI‑first technology and global expansion. The transaction is expected to provide IAS with greater financial flexibility and resources to pursue its growth agenda, while offering shareholders a premium exit opportunity.
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