Bitzio Inc. is a company focused on smartphone applications, social media and marketing optimization. It works with developers of mobile applications to dramatically improve their marketing reach, sales conversion, revenues and profits.
The company announced today that it has entered into an agreement to acquire a developer of niche mobile applications for smartphones. The company acquired is one with a similar name, Bitzio Corporation. This company has developed over 140 mobile applications in unique markets with over 650,000 total downloads and is in the process of developing 4,000 additional mobile applications.
Bitzio Corporation was founded in November 2010 by Amish Shah. He is considered to be one of North America’s foremost leaders and experts in the emerging mobile applications space. His company was an instant success, generating download revenue in its first month of operation. Mr. Shah has now joined Bitzio Inc. as a member of its new Advisory Board.
This acquisition fits right in with Bitzio Incorporated’s strategy of broadening its customer base and marketing reach with established and proven mobile application companies. The company feels this is the best route to compete in this rapidly growing market. The mobile applications market is estimated to generate revenues of $7.3 billion this year and expects that revenues will grow over 400% to almost $37 billion by 2015.
For more information on Bitzio Inc., please visit the company’s website at www.bitzio.com
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