NYC is home to a number of tech startups disrupting their respective industries, and major corporations like Uber and Goldman Sachs are taking note — and opening up their wallets. In just a matter of three days, three NYC tech startups were acquired by big brands. See which deals everyone’s been talking about this week.
Acquisition date: April 17, 2018
News: CrowdHere, a platform that connects content creators and brands, was acquired by adtech solution Digital Remedy. Both startups are based in NYC and serve a number of major brands. CrowdHere CEO Nick Pahade has been appointed as COO and president of Digital Remedy, and the remainder of the CrowdHere team will operate as its own product under the Digital Remedy umbrella. The terms of the deal were not disclosed. [Press release]
Acquisition date: April 16, 2018
News: General Assembly, which teaches web-based programs and courses, was acquired by staffing firm Adecco for $412.5 million. Adecco hopes the acquisition will complement its HR services and help the brand be seen as a leader in the retraining space, as General Assembly currently helps employees at big corporations learn new digital skills. General Assembly’s CEO Jake Schwartz will continue to lead his company as a separate division. [Bloomberg]
Acquisition date: April 15, 2018
News: Financial services giant Goldman Sachs bought Clarity Money, an app that lets users more easily manage their personal finances. Terms of the deal were not disclosed. The move is expected to add over 1 million customers to the Goldman Sachs Marcus division, and Clarity Money will eventually rebrand under that name. Adam Dell, Clarity Money’s CEO, will join Goldman Sachs as a partner. [Reuters]
