KinderTown: app store for parents acquired by Lancaster's Demme Learning - Technical.ly Philly

Business

Aug. 16, 2013 8:30 am

KinderTown: app store for parents acquired by Lancaster’s Demme Learning

Demme Learning, an independent publisher of educational products, will take on KinderTown's team of two remote staffers, but founder Steve Welch will leave the company's operations to focus on DreamIt Ventures.
KinderTown founder Steve Welch will leave the company’s operations to focus on DreamIt Ventures.

KinderTown founder Steve Welch will leave the company's operations to focus on DreamIt Ventures.

Updated 8/16/13 10:36 a.m.: A previous version of this article stated that KinderTown had just under 4,000 users when it was acquired. It had just under 400,000 users.

KinderTown, the app store for parents from DreamIt Ventures cofounder Steve Welch, was acquired by Lancaster-based Demme Learning for an undisclosed amount, TechCrunch reported. KinderTown had just under 400,000 users at the time of the acquisition, according to the report.

Demme Learning, an independent publisher of educational products, will take on KinderTown’s team of two remote staffers, but Welch will leave the company’s operations to focus on DreamIt Ventures.

“My focus right now is helping absorb the enormous growth we have seen at DreamIt over the last year,” Welch said in an email to Technical.ly Philly. “With each cycle the number and quality of application is increasing as our brand gets stronger.  I want to make sure we continue to capitalize on this opportunity.”

Welch added that he thinks it good for the region that KinderTown is staying roughly in the area, by way of a Lancaster acquirer.

Read the whole TechCrunch story here.

 

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Emarketing company Monetate will be acquired by a Dallas-based cloud biz

Exton cell and gene therapy company Fibrocell will be acquired for $63.3M

Exton-based insurance software firm iPipeline purchased for $1.6B

SPONSORED

Philly

How Relay is helping enterprise clients get proactive about customer engagement

Philadelphia

The Philadelphia Inquirer

Marketing Design Coordinator

Apply Now

Philadelphia

The Philadelphia Inquirer

Sales Analyst

Apply Now

Philadelphia

The Philadelphia Inquirer

Digital Account Executive

Apply Now

Hero Digital is acquiring Austin-based marketing company Bulldog Solutions

JP Morgan Chase scoops up InstaMed, but the healthcare-tech company isn’t leaving Philly

The Meet Group adds a same-sex dating app to its portfolio

SPONSORED

Philly

These hiring companies want to meet you at NET/WORK Suburbs

Philadelphia OR Baltimore

Technically Media

Technical.ly Editorial Intern (Spring 2019)

Apply Now

Horsham

Penn Mutual Life Insurance Co

Product Systems Specialist

Apply Now

Chesterbrook, PA

Deacom

Senior Software Developer

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!