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Ge.tt acquired by e-conomic accounting Monday, November 11th, 2013
We have some pretty big news today: Ge.tt has been acquired by e-conomic. All the details are in the press release.
First off - what does this mean for Ge.tt users? The short answer is, more of the same free service, and now with added backing from e-conomic’s team of developers and the great financial resources of e-conomic and HgCapital, the equity investor that has recently acquired e-conomic.
Three years ago we, the two founders, set out to create real-time file sharing. We won €6,500 in a national startup competition, and then decided to leave our computer science studies and focus on what was to become Ge.tt. With limited business knowledge we looked for a long time for someone to help us out, and through countless talks found Arne Winther, a serial entrepreneur who had a great understanding for technology as well as the business side. Soon after Arne joined the team launched the service and attracted many, many users almost instantly.
We were looking for investors, and found Morten Elk of the popular service, SimpleSite (known as 123hjemmeside in Danish). With his help, we gained an understanding for how we could use advanced techniques to measure usage over time, and his knowledge of A/B testing helped Ge.tt to keep growing. Later we met Skype founder Niklas Zennström and his fund, Atomico. They invested in us a year after we had started and gave us great advice on the general direction of the service.
Through the last months we've been working with e-conomic accounting and have seen a good fit between our two companies. Parts of the technology we have built over the last three years for Ge.tt can be used in e-conomic and at the same time we get the chance to work on other products. This is the reason behind the acquisition and we're looking forward to what the future brings.
It's been a great ride, and we've enjoyed all of it. Now it's time for a change and we're quite excited for this opportunity.