I am delighted to announce that Localocrocy, a UMass Amherst Entrepreneurship Initiative alumni team and former students of mine, have just announced the successful acquisition of their company by AOL’s Huffington Post! WHA WHO!
The Huffington Post Media Group which is owned by AOL made a few BIG announcements today. Among them the acquisition of a bootstrapped MassChallenge company, Localocracy. The terms of the deal were not disclosed but according to AllThingsD was just under $1 million. Founding team members Conor White-Sullivan, Aaron Soules and Jay Boice will be joining the Huffington Post Media Group to work on the intersection of editorial and technology, and deepen the sites’ engagement with users.
“I’m delighted to announce that Conor White-Sullivan, Aaron Soules and Jay Boice are joining our team,” said Arianna Huffington. “They’re pioneers in using the web to empower citizens to improve their towns, and their unique vision and talents will enable us to deepen our users’ engagement with our sites.”