Mobile app developer Kotikan has been bought by fantasy sports site FanDuel for an undisclosed sum.
In a blog post, Kotikan’s founder Gav Dutch said: “I have to pinch myself when I realise how far we’ve come from just me, hacking in my bedroom in 2007, to reaching a team of 56 and a turnover of £2.4 million in 2015.”
Kotikan has developed apps for Skyscanner, Standard Life, ScotRail and a number of Scottish and UK cultural organisations.
But it had also developed a close working relationship with FanDuel; Tom Griffith’s, one of FanDuel’s co-founders was a mentor to Dutch when he started Kotikan.
“Kotikan and FanDuel started working together in 2013 to pursue a shared mission of building the world’s best mobile app in fantasy sports,” said Dutch.
“We have had an immensely strong working relationship ever since and been lucky to see the app top the App Store charts and pick up two Webby awards along the way.
“The closer we worked together, the more we wanted to contribute to FanDuel’s success. Eventually we realised the best way to do this was to devote the entire Kotikan team to crafting FanDuel products.”
Kotikan’s 50-plus employees have been offered roles with FanDuel: “This acqui-hire of Kotikan strengthens our existing team and will help drive forward the business,” said FanDuel chief executive Nigel Eccles.
Last week, FanDuel announced it had a closed a new round of founding, valuing the company at more than $1bn.