Integral Ad Science to be acquired by Novacap for $10.30 per share, or $1.9B

Integral Ad Science (IAS) announced it entered into a definitive agreement to be acquired by Novacap, a North American private equity firm, in an all-cash transaction that values IAS at approximately $1.9B and positions IAS for further growth as it continues investing in AI-first technology. Under the terms of the agreement, Novacap will acquire all of the outstanding shares of IAS for $10.30 per share in cash. This represents a premium of approximately 22% to IAS’s closing share price on September 23, 2025, the last full trading day prior to the transaction announcement. As part of the transaction, current shareholder Vista will conclude its investment upon close. The transaction, which has been unanimously approved by the IAS Board of Directors, is expected to close before the end of 2025, subject to customary closing conditions, including receipt of required regulatory approvals. Following the close of the transaction, IAS will continue to operate under the IAS name and brand. The transaction is not subject to any financing condition.