NYC-based fintech software company FinTech Studios has acquired two-year old startup, iUbble,created by students and faculty at the Stevens Institute of Technology, a private research university in Hoboken, New Jersey, for an undisclosed amount.
Founded in 2014 by Jim Tousignant, FinTech Studios develops and markets a cloud-based platform of curated, disruptive fintech apps and big-data financial analytic products. The company had become an investor and business partner with iUbble.
iUbble initially developed an advanced web browser and messenger app for web and mobile devices. As a part of the transaction, Kevin Barresi, the founder of iUbble will become the Chief Technology Officer (CTO) of FinTech Studios.
As business partners the two companies co-developed Apollo a cloud-based “big-data” investment news, research and analytics platform designed for investors, portfolio managers, research analysts, hedge funds, banks, brokerage firms, RIA’s, financial advisory firms, private equity firms, venture capital firms, family offices, media companies and corporations.
Apollo can be integrated with email, CRM and compliant social media tools to easily share relevant insight.
“We are excited to join FinTech Studios and integrate iUbble’s leading-edge technology with FinTech Studios’ cloud-based platform,” said Barresi.