iPhone app developer and consultancy Double Encore has acquired fellow iPhone app developer Massively Overrated. Terms of the deal were not disclosed.
Massively Overrated has developed Coathangr, which is designed to serve fashion-centric microblogger; and the iPhone version of Typewar, a multiplayer typography game that is popular with graphic designers. Double Encore has developed a number of popular iPhone apps including the PGA Championship application for Turner Sports, the NBA Game Time iPhone and iPad applications for NBA Digital and the Brightkite iPhone app.
Double Encore, which recently ventured into iPad app design and development, says that revenues are up 220% from last year. The acquisition of Massively Overrated just expands its offerings and resources to create popular apps for both the iPhone and iPad.
With so many app developers around the Apple ecosystem, it makes sense for smaller iPhone app developers to pool their resources and talent and consolidate. I suspect we may be seeing more acquisitions and mergers in the near future.