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  5. Oyster Acquires Carrom

M&A Deal Summary

Oyster Acquires Carrom

On May 27, 2020, Oyster acquired internet software and services company Carrom

Acquisition Highlights
  • This is Oyster’s 1st transaction in the Internet Software and Services sector.
  • This is Oyster’s 1st transaction in Germany.

M&A Deal Summary
Date 2020-05-27
Target Carrom
Sector Internet Software and Services
Buyer(s) Oyster
Deal Type Add-on Acquisition

Target

Carrom

Berlin, Germany
Carrom makes payroll and compliance easy for remote teams, enables remote teams to hire from all over the world without worrying about local employment laws. Carrom was formed in 219 and is based in Berlin, Germany.

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Buyer(S) 1

Buyer

Oyster

Wilmington, Delaware, United States
Category Company
Founded 2019
Sector Internet Software and Services
DESCRIPTION

Oyster is a distributed talent enablement platform that lets growing companies easily hire, make payroll, and give local benefits to their remote employees anywhere in the world. The company believes this makes the world a better place for three reasons: 1) it helps redress inequalities of access to opportunity, 2) it allows for the distribution of wealth to places other than the major cities of the world, and 3) it supports the environmentally-friendly and business-smart shift to remote working. Oyster was founded in 2019 and is based in Wilmington, Delaware.

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
Country: Germany M&A 1 of 1
Year: 2020 M&A 1 of 1
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