Faruqi & Faruqi, LLP Announces Investigation of MediaMind Technologies, Inc.

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of MediaMind Technologies, Inc. (“MediaMind” or the “Company”) (NasdaqGS: MDMD) for potential breaches of fiduciary duties in connection with their duty to disclose material information in the Solicitation/Recommendation Statement filed by the Company with the SEC on June 24, 2011. The Solicitation/Recommendation Statement sets forth the terms of the merger agreement entered into by the Company and DG Acquisition Corp. VII on June 15, 2011. In accordance with the terms of the agreement, MediaMind’s shareholders will receive $22 in cash for each share of the Company they own. According to Yahoo! Finance, at least one financial analyst has set a price target of $23 per share for MediaMind stock. The transaction is structured in such a manner that it may be effectuated without a shareholder vote.