VerticalScope Inc. Acquires the Assets of Mautofied Inc.

VerticalScope Inc. in Toronto announced the purchase of the website www.mautofied.com, owned by Mautofied, Inc. of Orange, Calif. Mautofied is a 10-year old online web publishing company specializing in the automotive classified sector. The website, www.mautofied.com, allows users to search for modified and customized automobiles, light trucks and motorcycles by features, as well as by make, model and year.

Marx Group Advisors (MGA) represented Mautofied, providing sell side strategic advisory services. The assets purchased by VerticalScope include the site www.mautofied.com as well as all domain names and related intellectual property.  Financial and other terms of the transaction were not disclosed.

Mark DeSimone, president and founder of Mautofied, will remain on board for a period of time to support the transition of the technology and customer base. “We believe the Mautofied customer will find even more opportunities under the MVerticalScope umbrella,” stated DeSimone. “The transition has been very seamless and the outstanding Mautofied customer experience will continue unabated.”

“We are extremely happy with the opportunity for Mautofied.com to become a part of the VerticalScope family,” stated Marshall Morris, partner and vice-president of digital operations for Mautofied. “Their professionalism and experience truly shine and we are confident that all of our members will enjoy their new home.”