Walmart acquires tech start-up

Published on Mon, 14/11/2011, 03:24:14

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US giant retailer Walmart has acquired small technology app start-up company Grabble.

The deal will see Grabble become part of Walmart’s digital technology division, Walmart Labs.

Grabble was founded by Stuart Argue and Anthony Marcar and provides retailers a point-of-service app for purchases.

“Grabble started with a vision to make shopping smarter in a garage in Wollongong, Australia,” the company said on its website.

“We're excited about seeing our passion play out on a larger stage and especially look forward to working with the team at Walmart.”
It also makes a special mention of Starmate, an Australian-based company that “recognised Grabble’s potential early on”, as well as 500Starups, a US tech accelerator.
 


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