Announced
Completed
Financials
Sources
Tags
Acquisition
Completed
QR code
Software
Germany
Friendly
Cross Border
Private
Majority
Single Bidder
Private Equity
Synopsis
Spectrum Equity-backed Bitly, a link management company, completed the acquisition of Egoditor, a company which offers software for QR code scanning & generating and mobile marketing services. Financial terms were not disclosed. “We are very excited about the acquisition because it elevates the company to another level. This is giving us a foundation to start offering new products and solutions, where we move from a single product to multiple products. We are firing on all cylinders and ready to add more fuel to the growth story,” Toby Gabriner, Bitly CEO.
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