• Groupon Buys Software Development Startup Obtiva

    Alexia Tsotsis

    Alexia Tsotsis is the co-editor of TechCrunch. She attended the University of Southern California in Los Angeles, CA, majoring in Writing and Art, and moved to New York City shortly after graduation to work in the media industry. After four years of living in New York and attending courses at New York University, she returned to Los Angeles in... → Learn More

    Thursday, August 4th, 2011
    Screen shot 2011-08-04 at 12.04.33 PM

    Groupon has just announced its acquisition of Obtiva, a Chicago based Ruby on Rails firm.

    From the always humorous Groupon blog:

    “We’re constantly impressed by how capable Obtiva developers are and we’re really looking forward to expanding the team. If you’re interested in a job in Engineering at Groupon (or a host of other departments, including Housewares and Linens) check out the open positions here.

    If you’d like to send a congratulatory gift to the Obtiva team, they’re registered at Crate ‘n Barrel and Radio Shack.”

    Earlier this morning we reported that Groupon competitor LivingSocial was also picking up the acquisition steam with the ~$50 million acquisition of Turkish eCommerce company Groupfoni. While Obtiva’s agile software development services don’t seem to fit in to any particular acquisition strategy, a good guess it the acquisition was primarily a way to get good (and local) front end engineering talent.


    Company: Groupon
    Website: groupon.com
    Launch Date: November 11, 2008
    IPO: July 11, 2011, NASDAQ:GRPN

    Groupon features a daily deal on the best stuff to do, see, eat, and buy in more than 565 cities around the world. By promising businesses a minimum number of customers, Groupon can offer deals that aren’t available elsewhere. Groupon brings buyers and sellers together in a fun and collaborative way that offers the consumer an unbeatable deal, and businesses a large number of new customers. To date, it has saved consumers more than $300 million and claims it...

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    Company: Obtiva
    Website: obtiva.com
    Launch Date: August 9, 2005

    Obtiva provides agile software development services for organizations that need to create custom web applications. Obtiva consultants provide specialized skill sets and languages such as Ruby on Rails, web design, Java, agile project management, agile and technical coaching, and training.

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