In deal developments in Japan, Monstar Lab has acquired Danish mobile app agency Nodes while Wantedly plans to list on the Tokyo Stock Exchange.
Monstar Lab acquires Danish mobile app agency Nodes
Tokyo-based Monstar Lab, which provides crowd-sourced offshore app development service Sekai Lab, has acquired Copenhagen-headquartered mobile app agency Nodes to expand into Europe. Financial terms of the acquisition are undisclosed.
Nodes was founded in 2008 and employs a workforce of 75 people that consists of developers, designers and mobile consultants. The rationale behind the acquisition of the Danish firm was its brand presence in multiple European countries, its pool of engineers and designers and a cultural background that “may create synergy” with Monstar Lab.
First reported by The Bridge, the acquisition grants Monstar Lab a footprint in the UK and Denmark through the three office locations of Nodes’ in Copenhagen, Aarhus and London. Its previous acquisitions include Manila-based Ideyatech, which has rebranded to Monstar Lab Manila.
Wantedly to list on Tokyo Stock Exchange
Tokyo-based Wantedly, a Japanese social recruiting startup, plans to conduct an initial public offer (IPO) on the Tokyo Stock Exchange (TSE) Mothers market on 14 September. Daiwa Securities will underwrite the offering.
Founded in 2010, Wantedly’s services include business-centric social networking opportunities and reports a user base of about 800,000 individual and 23,000 corporate users. It aims to increase touch points for business people as part of its growth plans. It will add additional services such as business card management, a group chat feature and interview scheduling assistant.