Iconosys Makes a Monster Acquistion
Mobile app developer Iconosys has begun the process of acquiring the business operations and related assets of Monster Offers, a 'Daily Deal' aggregator and analytics provider. Under the proposed deal terms, the two companies will merge, with current Iconosys officers and directors becoming the officers and directors of the new company, joined by Monster Offers' current CEO, Paul Gain, as president.
"Monster Offers has skilled resources, in-house technology and components, and a business model that fits tightly with the Iconosys growth strategy and outlook," says Wayne Irving II, Iconosys. "In addition, with the revenue generating smartphone apps that we are now building just for Monster Offers, we plan to integrate the Monster Offers Daily Deals system and platform into our paid and free app distribution. Needless to say, I am very excited about the prospect of combining our two companies."