Monday, November 30, 2015

SuperRewards, Corona Labs Acquired By Perk.com

Two, Bay Area companies--San Francisco-based SuperRewards, and Palo Alto-based Corona Labs, have been acquired by rewards platform developer Perk.com. Perk.com said it will issue 455,0000 shares of its common shares and pay $350,000 for SuperRewards, which it says had revenues of $8.4M for its trailing twelve months. Perk.com said it would pay approximately $1.5M plus $0.8M in earnout for Corona Labs, which is currently owned by Fuse Powered Inc. Perk.com is a developer of software used to provide loyalty rewards to mobile app users. SuperRewards (Playerize Network Inc.) is a provider of alternative payment and virtual rewards on Facebook and other platforms. Corona Labs is a developer of mobile app development software. Perk is based in Austin, Texas.