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Announced

Marlin Equity Partners-backed COYO to acquire Smarp from Nauta and Finnvera.

Synopsis

Marlin Equity Partners-backed COYO, a provider of employee communication platform, agreed to acquire Smarp, a provider of employee advocacy services, from Nauta Capital and Finnvera Venture Capital, two venture capital companies. Financial terms were not disclosed. "We are absolutely excited about joining forces as global businesses have never shown a greater need to drive employee engagement during a pandemic and while their digital transformation has not been completed yet. There is both a need and an opportunity for our two companies to form a global leader based on the combined experience we can bring in," Jan Marius Marquardt, COYO CEO and Founder.

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