Although we are only one month into 2023, some Chicago-based companies have already completed or announced acquisitions this year. Ranging from sports platforms to marketing agencies, these companies have struck deals with other tech businesses from across the country.
Acquisitions are an excellent way for companies to break into new competitive markets, grow their brand or even acquire new tech talent. Over the last few years, top tech companies have also used acquisitions to expand their product offerings, such as when Facebook acquired Instagram in 2012 for $1 billion. Whatever the reason, acquisitions offer lots of benefits for both companies.
This list will be updated throughout the year as more Chicago companies announce acquisitions.
Chicago Tech Companies That Announced Acquisitions in 2023
- Betsperts
- Fusion92
- Jellyvision
Betsperts is a Chicago-based sports media and tech platform that provides analytics and betting advice for sports fans. The company recently acquired Bleacher Nation in a cash-plus equity deal. Bleacher Nation was founded in 2008 and produces sports content and original reporting on Chicago’s major sports teams.
Fusion92 acquired Big Footprint, a Colorado-based marking agency, in early January. Big Footprint launched in 2009 and specializes in optimizing marketing campaigns for its client using its search capabilities. Fusion92 is a digital marketing firm that uses data to build and launch advertising campaigns. The terms of the acquisition were not made public; however, the Chicago Business Journal reported that Big Footprint’s 14 employees joined Fusion92 and its executives also secured senior roles with the acquiring company.
Founded in 2001, Jellyvision helps employees manage their healthcare benefits and it recently acquired Pennsylvania-based Picwell. Picwell uses predictive analytics to help employees pick healthcare benefits that suit their lifestyles. According to Jellyvision, the acquisition will help expand its product offerings. The financial terms of the deal were not made public.
