Investoo Group, a global foreign exchange (FX) affiliates, has announced its largest acquisition to date, purchasing 100ForexBrokers.com. The acquisition of 100ForexBrokers.com comes less than five years after its initial launch, which will help greatly augment Investoo’s user base.
100ForexBrokers.com presently operates as one of the industry’s largest FX broker comparison sites. The acquisition is important as it helps augment Investoo’s existing reach into the FX industry, in tandem with its own capabilities, including its educational platform Investoo.com and Forex signals service SnipetheTrade.com.
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The acquisition also follows on the heels of Investoo’s other move last month, following its purchase of FX and Binary Options education training service and YouTube channel TradingAxis.com. Terms of its purchase of 100ForexBrokers.com were not disclosed.
According to Adam Grunwerg, CEO of Investoo Group, in a statement on the purchase, “This acquisition generates a huge boost to our company revenues and user base. 100ForexBrokers.com is already one of the world’s biggest Forex broker comparison websites. We aim to capitalize on the 100ForexBrokers.com acquisition by improving its existing commercial arrangements, adding new languages and launching a new mobile responsive version of the website.
“We are actively looking for partnerships with players in the industry which can add value to our portfolio of websites. A key part of our growth strategy is a building a comprehensive online trading educational package and acquisitions allow us to do that at a much faster pace,” reiterated David Merry, Chairman of the Board at Investoo Group.