San Diego-based Bizness Apps, which offers a platform for people without computer programming skills to create, edit and manage mobile apps, has been acquired by $1 billion private equity fund Think3.
Financial terms weren’t disclosed.
Bizness Apps, which targets small businesses, was founded in 2010; it relocated from San Francisco to San Diego in 2016.
The software-as-a-service (Saas) company targets businesses that want to use mobile technologies to increase revenue and reduce costs, but don’t have a budget comparable to that of large corporate brands.
According to the company, more than 100,000 small business use its app builder platform.
“With the mobile industry growing at an exponential rate, small businesses need guidance in order to succeed in this mobile-first world,” said Bizness Apps founder Andrew Gazdecki.
Think3 acquires SaaS startups and provides founders of those companies the opportunity to launch a new startup. The company said Gazdecki will remain with Bizness Apps during a transitional period.
Reach reporter Sarah de Crescenzo at email@example.com.