RUNTASTIC - BACKED BY VENTUREPRENEUR JOHANN HANSMANN WAS ACQUIRED BY GERMAN MEDIA GIANT AXEL SPRINGER
Axel Springer - one of the leading media enterprises in Europe is now the majority shareholder of Runtastic - one of the world's leading providers of mobile apps for the measurement of sport and fitness data. The four founders and the Austrian business angel and Venturepreneur Dr. Johann Hansmann remain on board as a shareholders.
Runtastic was founded in 2009 by Florian Gschwandtner, Alfred Luger, René Giretzlehner and Christian Kaar. It offers sports apps and a web portal for storing and managing training data. According to the company, it has over 90 employees, more than 19 million registered users and more than 46 million Runtastic apps have been downloaded. More than 100,000 are currently being downloaded every day. No financial details were disclosed.
To read more about the transaction, click here.
If you want to learn more about Johann Hansmann who was interviewed by Internetszene.at - Austrian online magazine with the scoop on the hottest startups, reviews of the recent Internet products, and breaking tech news, click here.
(Source: Axel Springer press release)