Investoo Group, a lead generation company in the Forex and retail investment industry based in London, has acquired the social trading comparison site SocialTradingGuru.com for an undisclosed fee.
Launched in 2012, SocialTradingGuru.com is described as one of the biggest social trading comparison sites and works a number of partners including eToro, Ayondo and Tradeo. The deal was said to include all existing revenue share accounts.
Investoo Group CEO Adam Grunwerg commented on the acquisition;
“Social and copy trading represents an excellent market for us to expand our products and services into. It is also a strong platform to build our own SEO and revenue share business. We plan to capitalize on the acquisition of SocialTradingGuru.com by launching in a number of new languages and on a new design.”
David Merry, Chairman of the Board at Investoo Group, said they were actively looking for new partnerships and acquisitions that could add value to their portfolio of websites;
“We have grown more than 10-fold since the beginning of the year and look forward to working with new partners.”