JadoPado announces acquisition
"Our grand experiment is at an end after 2420 days."
E-commerce portal JadoPado has announced it has been acquired by a large regional business, but it did not reveal the name of the company.
The company announced the news in a blog post, but there is not financial information on the acquisition.
Omar Kassim, the founder of JadoPado said:
Our grand experiment is at an end after 2420 days.
We're incredibly happy to announce that JadoPado has been acquired by a large regional business. While we'd love to give you more details, we've been sworn to secrecy.
The JadoPado team will be moving into executing great new work, and this unfortunately means that we'll be closing down the JadoPado marketplace as well as JadoPado hotcake.
If you've experienced JadoPado as a customer, thank you for gracing us with your business, for taking a chance on us when others wouldn't, for speaking with us, for giving us feedback, for all your tweets, for your emails and for generally bearing with us.
If you're a seller on the JadoPado marketplace, thank you for allowing us to be of service, for trusting us with your business, and for pushing us to keep building. Your access to JadoPado hotcake will remain available until Thursday May 25th 2017. If you may have payments that are due to you, please request a payout and rest assured that your funds will be remitted to you. If you are currently on a plan, your subscription will be cancelled over the next couple of days and any balance for the period left over will be refunded to you.
To my team, my colleagues, my friends, it's been an honour. I look forward to doing more incredible work with all of you in the near future.
Onward and upwards.