Referral Platform Zferral Acquires SaaS App Store Cloudomatic

A quick search on Google shows Zferral has less than 40 customers (http://www.google.com/search?q=site%3Azferral.com+%22powered...). Where are they getting the cash for the acquisition from? Is there something I'm missing?

jasonlbaptiste4• 15 years ago

Yeah, definitely not the case. Looking at that now. (I know the numbers.)

paraschopra• 15 years ago

Interesting to see one startup acquiring another startup!

jasonlbaptiste4• 15 years ago

Yup. Basic story is this:

We built out all the technology to flow. It was/is launch ready. We had decided to pursue padpressed, no onswipe 500% full time. We became friendly with Jeff and he wanted to acquire the technology + bring us on as advisors. There was a good amount of cash that changed hands, not a ton by any means either. Equity was more than happy. We still believe in this vision and the zferral team is the one to do it.

Referral Platform Zferral Acquires SaaS App Store Cloudomatic

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