Minkabu, Inc., a provider of financial social media analytics, announced that it has agreed to acquire Stockhouse Publishing Ltd., a prominent media platform for Canadian small-to-mid cap companies and investors, via Minkabu’s subsidiary, UPDOWN Financial Technologies Inc.
Stockhouse was established in 1995, and is Canada’s No.1 financial portal and one of North America’s largest small cap investor communities, which allows investors to communicate and exchange views on North American public company stocks.
Ken Uryu, Chief Executive Officer of Minkabu, said “The acquisition of Stockhouse provides Minkabu with an excellent platform to continue our rapid global growth, allowing us to introduce Minkabu’s unique products and solutions to North American markets.”
Minkabu expects that the addition of Stockhouse will strengthen Minkabu’s North American presence, which it initially established with the incorporation of its Canadian subsidiary, UPDOWN.com, in February 2016. Stockhouse brings one of the most popular social media finance platforms amongst Canadian investors and issuer clients into the Minkabu family of fintech companies.
Marcus New, Chairman of Stockhouse commented“Minkabu is the next generation of how financial information is created, analysed, shared and acted upon for capital market investors. The acquisition by Minkabu will bring the Stockhouse community a full global perspective with proprietary information and research tools. We are proud to be a part of this exciting future.”
Stockhouse is to be the fourth acquisition that Minkabu has completed or expects to complete during 2016 and ninth since its founding in 2006. These acquisitions continuously expand the user base, service and product offering of Minkabu while enabling it to establish presence in additional markets.
(Source: Minkabu )