Bitwine Acquired By Monster Venture Partners
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Monster Venture Partners will announce tomorrow that they have acquired a controlling interest in the startup, and are replacing CEO Elad Baron with a former Expedia Exec, Ronnie Gurion (Baron will remain on as President and CTO). The acquisition price was not disclosed; Bitwine had previously raised $1.5 million in a round of financing from Crossbar Capital.
MVP says Bitwine will power online consultation features that are in development across several other portfolio companies, including Questions.com, Careers.org, Patents.com, Traveler.com and Slideshow.com.
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