Mobiquity Acquires European Mobile Consultant Morgan Clark
Even in the high-tech business of enterprise mobile, it can help to have some feet on the ground.
Mobiquity, a mobile-app maker and marketer for businesses, is acquiring a European technology-focused business consultant, Morgan Clark & Company. The deal is helping Boston-based Mobiquity add to its European-based mobile consulting business, as well as expand its “user-design and technology transformation teams,” the company said in a statement.
No financial terms of the deal were released. With the acquisition, 23 people will be joining Mobiquity, a spokesperson said. Mobiquity will also be taking on some of Amsterdam-based Morgan Clark’s clients, including Liberty Global, Dekra, and ING.
Since Mobiquity was founded in 2011, it has worked with more than 200 companies, including CVS, Fidelity Investments, the New York Post, and Pfizer, the company said. It was founded by Bill Seibel, a founding member of Cambridge Technology Partners and founder and CEO of Zefer, and Scott Snyder, who was previously president of Breakthru Advisors and CEO of Decision Strategies International.
The company raised $24 million through August 2014, the most recent round being a $5 million extension of its Series B led by NewSpring Growth. In a November regulatory filing, Mobiquity listed its revenues as between $25 million and $100 million.