Investoo Group, a global foreign exchange (FX) affiliates, has come up with its largest acquisition till date by purchasing 100ForexBrokers.com. 100ForexBrokers.com got acquired in less than five years of its initial launch. This acquisition is expected to help greatly augment Investoo’s user base.
Commenting on the acquisition, Adam Grunwerg, CEO of Investoo Group, said:
This acquisition generates a huge boost to our company revenues and user base. 100ForexBrokers.com is already one of the world’s biggest Forex broker comparison websites. We aim to capitalize on the 100ForexBrokers.com acquisition by improving its existing commercial arrangements, adding new languages and launching a new mobile responsive version of the website
Further adding to above statement, he said
The acquisition also extends our existing reach into the Forex trading industry alongside our educational platform Investoo.com and Forex signals service SnipetheTrade.com
Investoo Group operates an online educational platform for the financial trading industry. It offers Investoo.com, an online education platform that offers forex, binary options, and CFD courses in various languages.
The company also provides trading services, including signals, indicators, and trading tools; provides video lessons, tools, and educational content that help people to learn trading; and solutions that help users to find the brokers through its network of comparison sites and user reviews.
Explaining the importance of acquisition as the growth strategy, David Merry, Chairman of the Board at Investoo Group, said:
We are actively looking for partnerships with players in the industry which can add value to our portfolio of websites. A key part of our growth strategy is a building a comprehensive online trading educational package and acquisitions allow us to do that at a much faster pace
Adding to that, Henrik Persson Ekdahl, partner of Optimizer Invest, said:
Optimizer Invest acquired a significant stake in Investoo Group last year with the intention of backing the company’s aggressive growth agenda. The acquisition of 100ForexBrokers.com marks another big and important step towards becoming the largest player in the FX, CFD and options affiliate industry, and I congratulate the team that closed this deal
Investoo Group is a newly funded financial venture that aims to become one of the biggest lead generation companies in the Forex and retail investment industry. It is based in London and has grown from 3 to 15 employees in its first 4 months of activity. The group is backed by online technologies leaders Kinetic Investments and Optimizer Invest.