Twitter deal wins our M&A Awards trophy

The £25m sale of London-based social media platform TweetDeck to Twitter was named Small Deal of the Year at the national M&A Awards in London. EMC sponsored the category and CEO Nik Askaroff is pictured presenting the trophy to TweetDeck’s Helen Moyes at the awards dinner held at the Millennium Mayfair Hotel, watched by compere Selina Scott.

It is the third year that EMC has been involved with the M&A Awards – one of the biggest nights of the year for those involved in dealmaking in the UK.

More than 350 CEOs, MDs, FDs, advisers, venture capitalists and other financiers attended the awards dinner which marked the culmination of a challenging but fruitful year in the M&A mid-market.

The award-winning small deal made Iain Dodsworth, the 36-year-old founder of Twitter app TweetDeck, an overnight multimillionaire.

More than 20 million Twitter users have downloaded TweetDeck, making it the second most-popular way to use the service after Twitter.com. The TweetDeck app, launched just three years ago, allows users to organise their Twitter feeds and their profiles on other social media networks such as Facebook in once place.