VC-backed Pivotal acquires mobile strategy platform Xtreme Labs
U.S. web-focused software provider Pivotal has acquired Toronto-based Xtreme Labs, a company focused on accelerating mobile software development for enterprise customers. The all-cash acquisition was not disclosed, however, All Things Digital reports the price tag as totaling US$65 million. Xtreme Labs, which was founded in 2007 by Amar Varma and Sundeep Madra, was backed by US$20 million in angel investment in 2012. The San Mateo, Calif.-based Pivotal earlier this year received US$105 million in funding from General Electric.
3 October 2013•4 mins read
