Petroleum pricing and news information business Oil Price Information Service (OPIS) has acquired mobile app and website GasBuddy. OPIS is a wholly owned subsidiary of UCG. Terms of the deal were not disclosed.
“Through our combined resources, consumers will have the very best retail fuel prices, tools and information to save money at the pump,” said OPIS CEO Brian Crotty. “I look forward to working shoulder-to-shoulder with Dustin Coupal and Jason Toews, co-founders of GasBuddy, and their talented staff,” he added.
OPIS say they will accelerate investment in GasBuddy’s “OpenStore” software, which enables convenience stores to reach their customers with highly targeted value offerings.
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- Platts to acquire OPIS (update: deal terminated) Posted on December 9, 2010 (updated February 15, 2011)