Calgary-based Communo has acquired Vancouver-based LocalSolo, an online network for freelancers.
The acquisition is the first for Communo, as it opens a Vancouver office, expands its footprint internationally, and increases its community of marketing and digital service professionals and agencies.
Communo’s platform allows marketing and digital services agencies to access marketing professionals, charging a monthly membership fee without service or commission fees. In August, the company raised $1 million from Panache Ventures. Communo said it’s in the midst of raising a Series A closing in late December 2018.
The announcement follows Communo’s launch in Seattle in June.
“The marketing, advertising and digital services industry needs a platform that can service its unique needs and this is the first of many strategic acquisitions that will make big progress for our industry,” said Ryan Gill, CEO of Communo. “There are lots of players, but few are checking all the boxes or making a meaningful impact – together, we can go further faster. We’re excited to combine the strengths of the Communo and LocalSolo platforms, members and, most importantly, executive talent. This is just the beginning.”
LocalSolo has operated in Vancouver for the last four years and was founded by Mark Fromson, a digital project manager and entrepreneur, and Stephen Hayes McCoy, a freelance senior development lead. The duo now join the Communo executive team based in Vancouver.
LocalSolo will continue to operate as the two businesses gradually integrate operations and member freelancers and agencies choose to join Communo.
“We absolutely love the Communo team, their vision and the model,” said Fromson. “The culture of collaboration and sharing amongst their members is something that’s unheard of in our industry and it’s refreshing. LocalSolo freelancers are going to benefit from engaging in this community, not just for jobs, but industry connections, professional development and group benefits. It’s a huge opportunity for them to grow their businesses.”