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May 23, 2011 01:00 pm GMT

Tesco's Dunnhumby Buys BzzAgent For $60 million

Tesco's wholly owned subsidiary Dunnhumby has acquired Boston based BzzAgent for around $60 million, we've confirmed. The companies will announce the acquisition today but is not disclosing the terms of the deal. And no, I didn't make up any of the words in that first sentence. This is just how companies name themselves today.BzzAgent was originally founded way back in 2001, and bootstrapped itself until 2004 when it raised a $750,000 angel round. In 2006 they added another $13.8 million in funding from General Catalyst and Flybridge. They have 64 full time employees, and another 200 contractors managing the BzzAgents.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/myBofyGzPZk/

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