Monday, November 23, 2009
Zubican Acquired By Inuvo
Los Angeles-based Zubican, an online business-to-business marketplace, has been acquired by Inuvo, a Florida-based provider of performance-based online marketing services, Inuvo announced Monday. Financial terms of the deal were not disclosed. Zubican was backed by $1.3M in seed funding from the Tech Coast Angels and Pasadena Angels. Inuvo said it will pay a royalty based on a percentage of the gross profit derived from Zubican's site over a four-year period.