LONDON (Alliance News) - Food technology company BigDish PLC said Thursday it has completed the acquisition of Philippines-based travel discovery business Looloo for an undisclosed sum.
BigDish is hoping to grow its user base in the Philippines via Looloo, which offers a web and app-based service to find restaurants and other amenities, and the company expects to "further enhance synergies" between the Looloo and BigDish platforms.
Chief Executive Joost Boer said: "Looloo is one of the Philippines' leading platforms in the restaurant and travel discovery space. Founded in 2012, it contains information, recommendations and reviews on restaurants, hotels and travel in the Philippines.
"It has over 28,000 restaurants recorded, a monthly average of up to 500,000 unique visits, approximately 200,000 app installs and over 320,000 reviews. Across its social media platforms, Looloo has also drawn a large audience with over 370,000 Facebook followers and tens of thousands of Instagram and Twitter followers which have been organically grown."
Shares in BigDish were up 2.0% Thursday at 4.97 pence each.