Malartu, a startup that launched as a platform for crowdfunding investing, has been acquired by FORT Capital Resources. a commercial finance company.
Financial terms of the deal announced Wednesday were not disclosed.
Malartu now focuses on data analytics and software.
FORT says it will add Malartu’s capabilities to its own vendor finance programs.
Brian Fleming, managing member of FORT, said the deal is “an awesome combination. Not only does it heighten the impact we have on our clients and partners, it gives us deeper clarity into our own organization, helping us make key strategic decisions to stay on track toward accomplishing our ‘big hairy audacious goals’ along with the goals of our clients and partners.”
Added Malartu cofounder and CEO Jon Spinney: “Combining our existing technology, development methodology, and processes with FORTs capabilities, customer relationships, and positioning in the capital markets, is an exciting enhancement to our joint offering and helps us scale at an exponential pace.”
Original Source: WRAL TechWire