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.