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.”