Moovaz acquires The Finder from Singapore Press Holdings (SPH)
By Akshay Kedari  Date: 2020-06-05

Moovaz acquires The Finder from Singapore Press Holdings (SPH)

Singapore-based relocation services startup, Moovaz has successfully acquired the country’s longest-running publication for expats, The Finder, from Singapore Press Holdings (SPH). According to the agreement, SPH, which prints The Business Times, would invest some stakes in Moovaz and would work alongside the startup to expand its regional outreach practices while utilizing its media platforms.

After the acquisition, Moovaz would take over brand assets of The Finder, including its digital and quarterly print magazines, The Finder Kids supplements along with its social media and web content. In addition to this, Sara Lyle Bow, the publication's editor-in-chief, would join Moovaz as the head of community and director of The Finder.

Reportedly, The Finder offers expatriates with suggestions on shopping, travel, and activities in Singapore as well as nearby regions. It has established a strong presence in Malaysia and Singapore. Moovaz intends to use The Finder to create a holistic ecosystem of lifestyle services and end-to-end logistics for customers who settle into local communities and who globally relocate.

Speaking on the move, Lee Junxian, Chief Executive Officer, Moovaz, said that The Finder has authentically managed to resonate with this community with its content and brand for the past few decades. The company is drawn to its colorful, unadulterated content as well as its rich history.

As for Julian Tan, SPH’s Chief of Digital Business, the company has built up The Finder to become one of the most credible publications for expatriates over the years. SPH is optimistic about the future of The Finder and believes that Moovaz would help the publication scale even further. They looks forward to working with Moovaz to expand the product’s presence regionally.

Previously in April, Moovaz had managed to secure US$7 million from its Series A funding round, which was led by Quest Ventures, a venture capital firm and saw active participation from SGInnovate, a government-backed deep-tech investor and Supply Chain Angels.

Source Credit: https://www.businesstimes.com.sg/garage/logistics-startup-moovaz-acquires-sph%E2%80%99s-expat-publication-the-finder

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Fibonacci Brands acquires Darwin from Harvest Health & Recreation
Fibonacci Brands acquires Darwin from Harvest Health & Recreation
By Akshay Kedari

Fibonacci Brands has recently announced the acquisition of Darwin from Harvest Health & Recreation (HARV.CN) as its foundation brand. Fibonacci is a leading player in the international cannabis industry. According to James George, founder of Fib...

GVN adds EVIT Center and Chumakov as its new Centers of Excellence
GVN adds EVIT Center and Chumakov as its new Centers of Excellence
By Akshay Kedari

The Global Virus Network (GVN), an international coalition of medical virologists, has recently announced the addition of Australian and Russian researchers. GVN is adding the Center for EVIT (Emerging Viruses, Inflammation & Therapeutics) of th...

Wind Point Partners takes over RTIC to expand business portfolio
Wind Point Partners takes over RTIC to expand business portfolio
By Akshay Kedari

American private equity firm, Wind Point Partners has recently signed an acquisition deal with the one of the biggest direct-to-consumer (D2C) eCommerce providers of drinkware, RTIC. Reportedly, RTIC is Wind Point’s third acquisition of a famil...

Novartis reveals positive data from Phase III ORION trials of inclisiran
Novartis reveals positive data from Phase III ORION trials of inclisiran
By Akshay Kedari

Swiss multinational pharmaceutical firm, Novartis has recently announced results from its Phase III ORION-10 and -11 studies that focus on assessing the individual responses of patients on lowering low-density lipoprotein cholesterol (LDL-C) with inc...

Medtronic to acquire Companion Medical to expand diabetes business
Medtronic to acquire Companion Medical to expand diabetes business
By Akshay Kedari

Medtronic plc, the global leader in medical technologies, has reportedly announced that it is planning to acquire insulin pen manufacturer Companion Medical. The acquisition gives Medtronic access to Companion Medical’s ‘InPen’, wh...