Happy hour mobile app maker GoTime purchased by Infogroup

Seattle-based GoTime, which makes a mobile application that allows users to find happy hours at local bars and taverns in dozens of cities, has been acquired by Omaha, Nebraska-based Infogroup. Terms of the deal were not disclosed.

“We are thrilled to merge the power of our platform with the strength of Infogroup’s data,” said Jeff Khadavi, CEO of GoTime in a press release. “This combination brings a one-of-a-kind solution into the data industry that is thus far unmatched. It represents an amazing opportunity for our clients and their customers.”

Added Michael Iaccarino, chairman and CEO of Infogroup:

“GoTime has built one of the most comprehensive solutions in the industry around both local content and real-time data management,” he said. “By combining the capabilities of GoTime’s platform technology with the industry leading data assets of Infogroup, we will bring a completely new data platform to the marketplace that takes real-time data, from source to client, while still maintaining the highest quality standards that clients of Infogroup demand.”

In an email, Khadavi tells us that all of the GoTime employees (about 10 folks) will join Infogroup.

“This is a very positive event for our investors, and it feels especially great for Devang Kothari, Josh Juster and I to get a solid win as first time entrepreneurs,” he said.

Khadavi, along with Kothari and Juster, plan to relocate to New York in order to build out the company’s offices there. The company recently signed a lease for a 100-person space in the Flatiron district of Manhattan where they have 40 people based. As vice presidents, they will report directly to chief data officer Christian Ward.

“Infogroup will continue operating our consumer mobile apps, including Happy Hours and Best Of,” he said. “Fear not beer drinkers, not only will the app continue to stay in tact, but much more to come.”

  • http://twitter.com/chrisamccoy Chris McCoy

    Congrats GoTime team. Loved your app the moment I met it. 

  • Tori

    Great service, but how do they make money?  

    • Guest

      By providing massive amounts of accurate data. They weren’t purchased for their happy hours per se. 

      • Tori

        That doesn’t answer the question.  What is their REVENUE model?  How do they MAKE money, now why did they get purchased.  

        • Guest

          Their core business is licensing their data. Sounds like nimble tech start-up built more robust solutions in the space than old/big behemoth —> buy them now and integrate before they started making a big dent in Goliath’s revenue.

        • Johnh26

          This is a press release not their financial books.

  • http://jobferral.com Stephen Medawar

    Congrats Guys! 

  • Anonymous

    Love GoTime! Congrats team, can’t wait to see this app continue to grow!

  • Anonymous

    Furthermore…I’ve actually seen the CEOs of GoTime and they are EXTREMELY attractive!!!

  • Anonymous

    This day was inevitable. I’m happy for Josh, Jeff, and Devang. In addition, to building a great company, they also built good rapport with folks in Seattle resulting in a loyal following and community. Cheers for GoTime! 

  • Ayush Agarwal

    Congrats gang!  Thrilled to hear this

  • Mark

    Party on! Congrats Josh and team!

  • Ding

    for how much lol