Personal, an eight-year-old District-based data company, is merging with United Kingdom–based digi.me, the companies announced on Thursday.
With the deal, the combined company, called digi.me, will be headquartered in the U.K. near London, and maintain its U.S. base of operations in D.C. Personal CEO Shane Green will serve as CEO of digi.me’s U.S. operations. According to the Washington Business Journal, most of the 22 employees of Personal will join the larger company. The companies will have 60 people total.
The companies both make tools that allow for collection and sharing of data. digi.me collects social media and financial information, and is looking to add health, wearable and music data. Personal focuses on the data that is constantly needed at the office or home, such as passwords, credit cards and IDs, or other personal data of employees, according to the company. Along with managing the data, the companies are focused securing it, as well.
“We have each built complementary infrastructure and products necessary for individuals to easily aggregate and share data whilst maintaining its security and privacy,” said digi.me founder Julian Ranger in a statement. He called the deal “a win-win for individuals and for companies who embrace this model of transparency and trust.”
In the deal, Personal’s enterprise products, called TeamData, will also be spun off as a separate company.
Personal raised funding from Revolution and GroTech Ventures in 2011.-30-
M&A Moves: Fintech company Goodworld has acquired Cheerful Giving
VEDA Data Solutions closed a $5M Series A
M&A Moves: McClean-based KLDiscovery merges with New York’s Pivotal Acquisition
This DC-based economic consulting company is launching a data analytics firm
Sign-up for daily news updates from Technical.ly Dc