Do-it-yourself survey company SurveyMonkey is acquiring Wufoo, a startup that lets users build online forms. Wufoo was one of the first companies to graduate from Y Cominbator’s accelerator program in the winter of 2006.
Terms of the transaction were not disclosed, but TechCrunch cites a source who puts the purchase price at $35 million. The entire Wufoo team will be relocating to Palo Alto and become assimilated inside the SurveyMonkey organization.
“Wufoo is the market leader in online form creation and a perfect fit for SurveyMonkey,” SurveyMonkey Dave Goldberg says of the acquisition.
“You can actually expect it to be business as usual after today,” a Wufoo blog post on the news reads. “Just to be clear — SurveyMonkey is not interested in dismantling what we’ve built. Quite the contrary, actually. They want to nurture it and spread it as far and wide as possible.”
SurveyMonkey, founded in 1999, raised $100 million in debt financing in November of last year. The company said at the time that the money would be used to cover operating costs and debt, as well as position it to make strategic acquisitions like the one announced Monday.
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