Finnish-based data security vendor Blancco Technology Group announced it has agreed to acquire mobile device diagnostics solution provider, YouGetItBack, trading as Inhance Technology for €5.25 million.
The transaction will enable Blancco to strengthen its existing retail capability and further improve its ability to offer and manage full-service mobile device buyback and trade-in programs, and device insurance policies. This includes giving consumers the ability to establish a trade-in value for their mobile devices and complete a trade in transaction, apply for insurance or make a claim, without having to visit a retail store.
Blancco will also leverage Inhance Technology’s expertise and customer base to carve new market opportunities for the new combined entity. This includes providing customers of both organisations with a unique ability to map the journeys of their customers devices from the retail environment, all the way through backend processing.
William Fitzgerald, CEO, Inhance Technology
The combined business is in a unique position to offer a very broad range of solutions to the market, and we look forward to the additional growth that this acquisition will bring.
Matt Jones, CEO, Blancco
Inhance Technology enables us to intuitively enhance the user experience for consumers looking to securely realize financial value from their old devices at the point of upgrade.
