Sunday October 25, 2020

US firm pays €10m for Digital Reach

Sale to Take 5 shows Europe is continuing to lead the US in development of smartphone apps

3rd September, 2011

Sale to Take 5 shows Europe is continuing to lead the US in development of smartphone apps

The backers of Digital Reach Group (DRG), the Dublin app development firm, will make a seven-fold return on their investment from the sale of the company to American firm Take 5 Solutions.

While terms of the takeover have not been disclosed, Take 5 is understood to be paying in the region of $10 million (€7 million) for DRG. The business...

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