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November 15, 2011 12:27 am GMT
An SEC filing surfaced this morning, showing that Chegg has made a yet unannounced acquisition for at least $1.1 million worth of common stock. The company that Chegg acquired is called Flux Software Co. according to the filing, or shortly 'Flux'. To be clear, we've confirmed that Chegg did not purchase enterprise software company Flux.We've confirmed with a Chegg spokesperson that, rather, the company snapped up a mobile app development firm called Flux Software Co. as well as a web-focused software development studio called 3D3R, although I gather these are actually two separate entities that share the same people.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-J0eH3eTraw/
Chegg Acquires Software Company Flux 3D3R, SEC Filing Reveals
An SEC filing surfaced this morning, showing that Chegg has made a yet unannounced acquisition for at least $1.1 million worth of common stock. The company that Chegg acquired is called Flux Software Co. according to the filing, or shortly 'Flux'. To be clear, we've confirmed that Chegg did not purchase enterprise software company Flux.We've confirmed with a Chegg spokesperson that, rather, the company snapped up a mobile app development firm called Flux Software Co. as well as a web-focused software development studio called 3D3R, although I gather these are actually two separate entities that share the same people.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-J0eH3eTraw/
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