FX and financial affiliate Investoo Group just announced that it has acquired the social trading comparison site SocialTradingGuru.com for an undisclosed fee.
Launched in 2012, SocialTradingGuru.com is one of the biggest social trading comparison sites and works with a number of partners including eToro, Ayondo and Tradeo. The deal includes all existing revenue share accounts.
A lot is happening at Investoo Group this week, as two days ago LeapRate also reported that longtime ETX Capital executive Vincenzo Roselli has left to join Investoo Group as a senior executive.
Investoo has grown to include a number of brands and websites providing a variety of services around (mainly) FX trader education. And, the company and its various brands have become one of the (if not the) largest FX affiliates, based on the number of depositing traders the company sends each month the way of various online brokers.
Adam Grunwerg
Investoo Group CEO Adam Grunwerg commented:
Social and copy trading represents an excellent market for us to expand our products and services into. It is also a strong platform to build our own SEO and revenue share business. We plan to capitalize on the acquisition of SocialTradingGuru.com by launching in a number of new languages and on a new design.
David Merry, Chairman of the Board at Investoo Group, stated:
We are actively looking for new partnerships and website acquisitions that can add value to our portfolio of websites. We have grown more than 10-fold since the beginning of the year and look forward to working with new partners.