9flats Acquires Canadian Startup iStopOver to Gain North American Foothold

Posted by Rob Lewis

Berlin-based 9flats has decided to take on rival Airbnb via a North American expansion. First stop: Toronto.

9flats announced this week that it has acquired iStopOver, an online Canadian startup focused on private rentals. The two companies will merge "over the next few weeks" and eventually the two sites will become just one.

While iStopOver will best serve 9flats as a North American foothold and an established Toronto office, the Canadian company has also made inroads in South Africa and Australia, which will vastly expand 9flats' reach outside of its headquarters in Europe.

Techvibes first covered iStopOver in 2010. Last year, it acquired US competitor Vacapedia.

2012 continues to be a banner year for Canadian tech acquisitions - be sure to check out Techvibes 2012 Canadian Acquisition Tracker.

Company:
iStopOver Inc.
Website:
http://www.istopover.com/
Location:
Toronto, Ontario, Canada

The iStopOver service connects homeowners who have spare rooms or entire homes, condos, villas or apartments to rent with travelers seeking affordable overnight or short-term accommodations. iStopOver is ideal for vacation or business travelers looking to slash travel costs, and for people attending major sporting or cultural events where hotel prices skyrocket and room availability is limited. For homeowners,... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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