Photo taken from Mobiquity’s website.
Mobiquity Inc., a Wellesley company that develops apps for such corporate customers as CVS, Fidelity Investments, MetLife, the New York Post, the Boston Globe, Putnam Investments, and Weight Watchers International, said that it has bought a Dutch company as part of its plan to expand into Europe.
The company is Xaton, a Web and mobile development firm with 60 employees and headquarters offices in Amsterdam. Terms of the acquisition are not being disclosed.
“The demand for strategic mobile expertise has reached a global scale,” Mobiquity founder and chief executive Bill Seibel said in a statement. “Xaton’s strong commitment to providing innovative, enterprise-class Web and mobile solutions – as well as its superior technology and development skills – not only complements Mobiquity, but also provides a strategic springboard for our expansion into Europe, where we see great opportunity for our world-class approach to strategy, UX design, and integration.”
In June, Mobiquity announced that it had raised $12 million in Series B financing, bringing the total amount of funding it has raised since its 2011 founding to $17 million. The firm said then that the new capital would be used, in part, to support geographic expansion.
A company spokesman said that Mobiquity expects to have more than 300 employees by the end of November.