Announces Successful Completion of Acquisition by AFCV Holdings, LLC, (NASDAQ: ANSW), creators of the leading answer engine®, today announced that AFCV Holdings, LLC, a portfolio company of growth equity investor Summit Partners, has consummated the previously announced merger to acquire

On April 14, 2011,’s stockholders approved the merger at a special meeting of stockholders. Pursuant to the definitive merger agreement between and AFCV Holdings, dated as of February 2, 2011, common stockholders will receive $10.50 per share in cash, without interest and less any applicable withholding taxes, for each share of common stock they owned immediately prior to the effective time of the merger, other than shares owned by stockholders who have properly exercised appraisal rights. The holders of’s Series A and Series B convertible preferred stock will receive cash consideration based on the number of the common stock into which those shares were convertible at the time of the merger.’s common stock will cease trading on The NASDAQ Capital Market at the close of market today and will be delisted.

Stockholders of record will receive a letter of transmittal and instructions on how to surrender their shares of stock in exchange for the merger consideration. Stockholders of record should wait to receive the letter of transmittal before surrendering their shares.

UBS Investment Bank has acted as exclusive financial advisor and Kramer, Levin, Naftalis and Frankel, LLC as legal advisor to Jefferies and Company, Inc. has served as financial advisor and Wilson Sonsini Goodrich and Rosati, Professional Corporation as legal advisor to AFCV Holdings.

Original press release here.

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