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  6. Fundamental Applications Acquires Opinit

M&A Deal Summary

Fundamental Applications Acquires Opinit

On July 28, 2016, Fundamental Applications acquired internet software and services company Opinit

Acquisition Highlights
  • This is Fundamental Applications’ 1st transaction in the Internet Software and Services sector.
  • This is Fundamental Applications’ 1st transaction in the United States.
  • This is Fundamental Applications’ 1st transaction in California.

M&A Deal Summary
Date 2016-07-28
Target Opinit
Sector Internet Software and Services
Buyer(s) Fundamental Applications
Deal Type Add-on Acquisition

Target

Opinit

Los Angeles, California, United States
Opinit LLC is a web content sharing platform and emotions-based content discovery algorithm with approximately 30,000 users in United States and Europe.

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Buyer(S) 1

Buyer

Fundamental Applications

Vancouver, British Columbia, Canada
Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

Fundamental Applications Corp. is a developer of smartphone applications.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-09 Foro Technologies

Canada

Foro Technologies, Inc. is a software development company that creates mobile smartphone applications.

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