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  6. Auction Mobility Acquires Hammerless

M&A Deal Summary

Auction Mobility Acquires Hammerless

On October 13, 2016, Auction Mobility acquired internet software and services company Hammerless

Acquisition Highlights
  • This is Auction Mobility’s 1st transaction in the Internet Software and Services sector.
  • This is Auction Mobility’s 1st transaction in the United States.
  • This is Auction Mobility’s 1st transaction in New York.

M&A Deal Summary
Date 2016-10-13
Target Hammerless
Sector Internet Software and Services
Buyer(s) Auction Mobility
Deal Type Add-on Acquisition

Target

Hammerless

New York, New York, United States
Hammerless, Inc. (Lofty.com) is an online marketplace for fine art, decorative art, and collectibles. Lofty has facilitated greater access to the art market for private, independent, and professional buyers and collectors. Lofty sources its inventory from auction houses, galleries, and dealers from around the world, offering unprecedented access to an array of art and collectibles.

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Buyer(S) 1

Buyer

Auction Mobility

Boston, Massachusetts, United States
Category Company
Founded 2014
Sector Software
DESCRIPTION

Auction Mobility LLC is a mobile and tablet auction platform, providing clients with a unique digital experience to promote their brand across mobile, tablet, and the web. Auction Mobility eliminates the distinction between 'live' and 'in-person' auction buyers by enabling them to participate equally in auctions via phone and tablet apps.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
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