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Universal Technology Holdings acquires 51% of MiBRAND
Business solutions based company Universal Technology Holdings (UTH) has acquired 51% of MiBRAND, an app focusing on specials for consumers.
The acquisition will allow MiBRAND to receive both funding and infrastructure for expansion.
“Using our investment and new found resources we will be focused on increasing our global footprint, starting with the launch of our mobile development branch in Asia,” says the co-founder of MiBRAND, Salvatore Barras, in a press release to Ventureburn.
Since the app’s launch in July, it has received over 2500 downloads, the developer claims. It also went on to win the People’s Choice Award at the MTN App of the Year awards.
The startup is looking to launch a new ecommerce-based offering in 2017.
“2017 will be a big year for us as we focus on bringing powerful tools to market designed to challenge and disrupt the status quo.”
