LA based HelloTech merges with Geekatoo

Q.  Which company has merged with rival in home tech support company Geekatoo?
- Published on 25 May 16

a. HelloTechnologies
b. HelloTech
c. SkyTech
d. MetTech

ANSWER: HelloTech
 
Los Angeles-based startup HelloTech and rival in-home tech support company Geekatoo said that they had merged, in a sign of consolidation in the hotly competitive on-demand sector.
  • HelloTech will combine its network of about 150 college students who provide on-demand tech repair to Southern California consumers with Geekatoo's US network of about 5,000 technicians, the companies said in a joint statement.
  • The merger connects HelloTech with Geekatoo's national market and provides Geekatoo with more access to venture capital funding, HelloTech co-founder Richard Wolpert said in an interview.
  • HelloTech, which launched about a year ago, has raised $17 million from investors, while 5-year-old Geekatoo has raised close to $3 million.

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