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Announced

IdeaScale to acquire Betterific.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

United States

Pending

Online and Social Platforms

open innovation platform

Single Bidder

Majority

Friendly

Synopsis

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IdeaScale, an idea management platform, agreed to acquire Betterific, a crowdsourced open innovation platform. Financial terms were not disclosed. "IdeaScale's mission is to empower organizations to engage their most valuable resource – passionate people – in making impactful decisions. We see our acquisition of Betterific as a way to more fully empower the change-makers at organizations with a broader, global crowd of collaborators than they could build on their own," Rob Hoehn, IdeaScale Co-Founder, and CEO.

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