Foreign exchange and CFDs trading affiliate Investoo Group has acquired financial news portal Invezz.com. The company is extending its reach into the retail trading industry by purchasing a company that is committed to providing multi-asset news across forex, shares, commodities, etc.
According to the official announcement made by Investoo Group, the website is getting close to 200,000 unique visitors per month. Last week the firm also announced the acquisition of 100ForexBrokers.com.
Commenting on the news, the CEO of Investoo Group, Adam Grunwerg, said: “We are very pleased with the strategic acquisition of Invezz.com. The site fits perfectly into our acquisition strategy of targeting high growth websites with high visitor numbers and strong profit margins.”
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“It allows us to compete with the big players in the finance industry, while diversifying our product offering into shares, ISAs and other forms of investment services. Next steps include growing our business in new regions and languages such as the website OpcionesBinarias.net.”
After last year when Investoo was funded with a 7 figure investment, the company has been steadily growing its portfolio. The acquisition of Invezz.com is the company’s second major one since the start of the year. Since last year, the company’s headquarters in London has grown from 2 to 17 employees.
The Chairman of the Board for Investoo Group, David Merry, shared: “Investoo Group has gone from strength to strength in the past 4 months, growing the product range and team with real pace. Invezz is another great acquisition for the company and is the second in a pipeline full of high-potential deals.”
The company is aiming to become one of the biggest retail trading affiliates, growing both organically and via acquisitions.