Leicestershire startup e-bate has been acquired by another local tech firm following reports of it about to fall into administration.
Mountsorrel based e-bate, which developed a B2B platform to help organisations manage and simplify rebate and promotional schemes, had filed a ‘Appointment of an administrator’ notice on companies house last month.
Since then however Desford’s Evolved Ideas has announced it will be buying out the company, describing the move as a ‘strategic alliance’.
Colette Wyatt, who’s the CEO of Evolved Ideas and an original founder of e-bate Limited, said:
“This is an exciting milestone for Evolved Ideas, and for the rebate management industry. In acquiring e-bate Limited, we’ve ensured that the company’s customers will continue to receive a high level of service. And in partnering with Enable, we are bringing about extensive technical capabilities and ensuring firm financial foundations.”
e-bate was founded in 2019 and in 2022 raised £1.3m through the MEIF Proof of Concept & Early Stage Fund.