MoneyDesktop buys MoneyReef for mobile financial management

Purchased mobile app maker MoneyReef

Financial management platform MoneyDesktop has purchased mobile app maker MoneyReef for an undisclosed sum. The companies are both based in Utah and develop similar technology to help users manage their finances. According to a TechCrunch report, MoneyDesktop aims to break into the mobile space with the new acquisition and launch iPhone and iPad apps in the near future. Reportedly, four of MoneyReef’s eight employees will join the MoneyDesktop team as part of the deal.


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