In the world of business, mergers and acquisition are considered to be the strategic moves by the companies for expanding their business and reach in the market.
As we are halfway down the year, the mergers and acquisitions space within the startup ecosystem are abuzz with news of WeTransfer’s most recent FiftyThree acquisition.
While the details regarding the deals weren’t disclosed, WeTransfer has mentioned they acquired the team, the entire patent/IP and trademark portfolio, and all assets for the applications from New York and Seattle-based FiftyThree Inc.
For the uninitiated, FiftyThree is the creator of the famous iOS apps like Paper (sketching app) and Paste (presentation tool for fast-moving teams). It’s worth mentioning here that Paper was named iPad App of The Year in 2012.