Perk.com Buys Mobile Development Platform Vendor Corona Labs
Perk.com, which is best known for its apps that reward users for activities like watching TV or online shopping, has announced that it is buying Corona Labs for $2.3 million. Corona Labs, which was purchased by Fuse Powered in 2014, is a startup that offers a mobile development platform that is used by more than 300,000 developers.
Perk.com said it plans to offer developers cross-platform mobile development capabilities with a built-in rewards platform. Walter Luh, founder and creator of Corona, said, "Combining with Perk brings new investment for the platform from an organization that started as mobile app developers and had firsthand experience with the power of the Corona platform in building its own apps. We will be able to further our vision and provide our developers with an out of the box monetization solution and rewards program."