Tiny, a Victoria, British Columbia, Canada-based technology holding company, acquired Meteor, an open source app and development platform overseen by San Francisco-based Apollo.
The amount of the deal was not disclosed.
With support from Apollo, led by Geoff Schmidt, CEO, Tiny will collaborate closely with the existing team to transition project leadership and pair their deep knowledge of the platform with its plans.
Using a single codebase, Meteor’s JavaScript App Platform simplifies coding for developers building reactive, multi-device experiences for servers, browsers, and mobile devices.
Since its inception in 2011, Meteor has grown to become one of the leading JavaScript platforms in the world, allowing users to get products to market faster with a development platform and scalable hosting service, Galaxy.
It’s used by startups and large companies alike to power their in-market applications.
Led by Managing Partners Andrew Wilkinson and Chris Sparling, Tiny starts, buys, and invests in internet businesses. It typically looks for businesses that have been in business for at least 3-5 years, have significant profits (minimum $500k, ideally $1MM+, as high as $15MM), and have a high quality team in place.
Tiny’s portfolio includes Dribbble, MetaLab, Castro, Z1, MediMap, DoubleUp, Supercast, and Future Jobs, among others.
FinSMEs
03/10/2019