App Developer HappyFunCorp Acquired by Tiny Company

As the tech industry is continuously tightening, companies are resorting to M&A and consolidation strategies to maintain relevance. In a recent development, HappyFunCorp, a renowned design and product engineering firm, was acquired by Canada-based Tiny for $30 million. Acquisition is not just a trend. It also sheds light on the increasingly prominent role of techno-ecosystem organizations. HappyFunCorp, a product engineering firm known for designing and building apps, has a commendable clientele that includes tech industry majors such as Disney, Amazon, Twitter and Apple. Following the acquisition, the Brooklyn-based company will continue to operate independently, with a tighter collaborative relationship with parent company Tiny.

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Agreement between HappyFunCorp and Tiny

According to information obtained for Tiny, a publicly traded company based in Canada, it is valued at approximately $500 million in the current market. The firm has built an impressive portfolio through favorable acquisitions of companies focused on providing a range of front- and back-end design and product services for technology companies and internet-based businesses. The HappyFunCorp deal adds further weight to Tiny's outstanding catalog.

Post-acquisition, HappyFunCorp will synergize its operations with other companies under Tiny to continue providing backend support to leading technology organizations. These companies have admirable in-house operations.They often outsource projects that fall outside their traditional workflow. If developed in-house, these projects can be a distraction and a drain on resources, especially when they are in their early stages or still evaluating their likelihood of success.

HappyFunCorp was founded in 2009. It also has a large portfolio of high-profile clients. Like other companies under Tiny, it has been profitable to date.In 2022, it generated revenues of $12 million. It also made a positive growth forecast for this year. The acquisition will ensure that the current management team of co-CEOs Ben Schippers, Holly Zappa and COO Robb Chen-Ware will remain at the helm of the company.