In what appears to be mostly about the talent of its founding team, LivingSocial has moved to acquire Ruby on Rails consultancy outfit InfoEther. The social ecommerce giant, which has raised $232 million in venture capital to date and has been getting nearly as acquisitive as its rival Groupon lately, says InfoEther's agility and expertise will enhance its ability to innovate more effectively. Terms of the acquisition were not disclosed.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/1JbRuSNbYeE/
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