iBrands Corp. said Tuesday that it has completed its acquisition of Hatchbrands Ventures. No financial terms were disclosed. Based in Ottawa, Hatchbrands Ventures is an internet accelerator.
ATLANTA, GA–(Marketwired – Apr 15, 2014) – iBrands Corporation (OTC Pink: IBRC) (PINKSHEETS: IBRC), www.ibrandscorporation.com, a holding company targeting the merger and acquisition of niche Internet-based brands positioned for rapid growth through proven products, today announces the company has closed the purchase of Hatchbrands Ventures.
“The acquisition of Hatchbrands provides our company with a platform to own emerging technologies that have been nurtured in professional incubators and accelerators,” states Paul Smith, CEO of iBrands Corporation. A business incubator’s main goal is to produce successful firms that will leave the program financially viable and freestanding. Smith further states, “According to the 2006 State of the Business Incubator Industry report, 87% of incubator graduates stay in business. This minimizes our risk exposure and maximizes our potential return on investment.”
About Hatchbrands Ventures
Hatchbrands Ventures, www.hatchbrands.com, is a fund that specializes in making startup technology pre-IPO investments in high quality startup companies developed in accelerators and incubators found in university/college environments. Hatchbrands unique opportunity is to provide investors the ability to participate along with leading venture capital firms and corporate venture arms in startups investments. Hatchbrands focuses on several themes including: (i) SaaS / Cloud Infrastructure; (ii) Online Finance; (iii) Data Pipeline and Data Science; (iv) New Advertising Battlegrounds; and (v) Reinvention of (Online/Offline) Retail.
Hatchbrands is located in Ottawa Canada adjacent to Kanata which is Canada’s Silicon Valley. The acquisition of Hatchbrands will establish the company’s business model similar to that of GSV Capital, one of the world’s preeminent voices on growth investing.
About iBrands Corporation
iBRANDS CORPORATION (“IBRC”), www.ibrandscorporation.com, is a publicly traded holding company that acquires and operates niche market brands having unique market positioning with substantial upside. Our strategy is executed through the acquisition of proprietary brands having unique market niches with substantial upside growth and providing strong management. A common thread throughout our acquisitions is the application of Internet technology to enhance revenues and optimize margins.