Lokion acquires Memphis-based app developer Resolute Interactive
Just four months and change shy of its fourth birthday, Memphis-based Resolute Interactive is being reborn as a new division within an existing local agency.
The mobile application firm is merging with Lokion Interactive, company officials announced Monday. Founded in 2001, Lokion is acquiring Resolute’s client list and contract base, effective immediately. Financial terms of the deal were not disclosed.
“We’ve worked with Lokion over the years on several projects and this deal came at the perfect time for them to expand and for me to pursue other opportunities,” said Chris Przybyszewski, CEO of Resolute. “Our focus on mobile technology will help them increase their market share in the industry.”
As part of the deal, Resolute’s senior software engineer Dale Smith will join the Lokion team and Przybyszewski will serve as a customer liaison and consultant on some projects.
“This acquisition greatly enhances our client capabilities across several platforms, including mobile technology,” said Marcus Stafford, president of Lokion. “In today’s market, clients are looking for multiple components to their marketing and business campaigns and we’re excited to be able to offer expanded products in this new space.”
Launched on Jan. 1, 2008, by Przybyszewski and chief technical officer James Ruffer, Resolute published more than 50 apps for the iPhone App Store and the Android Market. The company graduated from local incubator Launch Pad and business accelerator EmergeMemphis and received seed funding from Innova and private investors.
“It’s a strategic move for Lokion that allows them to expand their technological footprint,” said Gwin Scott, president of EmergeMemphis. “It’s also positive for Resolute to be acquired because of its attractive design functions and client base.”
Lokion designs and develops websites, software applications and branding solutions for local, regional and national clients. Acquiring Resolute will allow the company to further capitalize on emerging technology and is a positive reflection on the local entrepreneurial community, Stafford said.
“The technology side of Memphis is sometime overlooked, but there’s an enormous level of talent here,” Stafford said. “The Memphis entrepreneurial community is responsible for a lot of innovation and economic growth and we’re glad to acquire a local company with a solid track record.”