The country’s largest online pet sitting and dog walking company has bought out the second largest.
Rover.com, based in Seattle, was already top dog, but by acquiring DogVacay, based in Los Angeles, it becomes one offering pet owners access to more than 100,000 “five-star” pet walkers, boarders and sitters across the country.
Together, the two companies generated over $150 million in bookings in 2016.
The combined company will keep the Rover name, and will remain based in Seattle, Geekwire.com reports.
Terms of the all-stock deal were not revealed.
According to the Los Angeles Times, 22 of DogVacay’s 100-plus employees will be laid off.
The combined company, which will have 250 employees, will be led by Rover.com CEO Aaron Easterly. DogVacay CEO Aaron Hirschhorn will join the board of directors
Both companies provide customers with access to independent pet-sitters and dog-walkers, and keep about 20 percent of the fees those contractors charge clients. Pet owners also pay a service fee of up to 7% with each booking.
“Rover and DogVacay are both made up of dog people on a mission to enable everyone to experience the love and joy of a pet,” Easterly said in a news release. “Together, we can accomplish our goals quicker and make an even bigger impact. Plus, this partnership will enable us to pick up engineering velocity, bring new products to market faster and invest even more aggressively in building the best tools for our sitters and dog walkers.”
Posted by John Woestendiek March 30th, 2017 under Muttsblog.
Tags: ., acquires, acquisition, animals, app, boarding, booking, companies, dog, dog walking, dogs, dogvacay, dogwalking, internet, los angeles, merge, merger, online, pet sitting, pets, petsitting, providers, rover, rover.com, seattle, services