Skout is a global platform that has been created for both the desktop as well as for the mobile. Skout is a new social app that has been created for a wide range of purposes whether it be for finding a new romance, making new friends, or expanding the social circle. Skout is a unique app that has incorporated many icebreakers into the meeting of new individuals around the world. With so many languages incorporated into the social app, this app is currently available in over 180 countries around the world. With millions joining this social app each year, Skout has been named to be one of the fastest growing social media sites to use in present day.
In recent news, MeetMe has announced that this company has acquired the Skout startup company for $28.5 million which will include over 5.37 million shares with the company as it continues to grow. This detail entails the understanding that Skout will continue to function as a standalone brand. Though MeetMe has officially acquired this brand, Skout will still continue growing with the Skout brand. Skout has been deemed a successfully growing company with 3.5 million users on a monthly basis. It has also been reported that Skout has welcomed 42,000 new users on a daily basis. The company grew so much that the company earned almost $30 million in total revenue.
Skout was founded just as the iOS app launched in 2009. As a fast growing social media site, Skout decided to expand even more in 2014 when the company acquired Nixter, another app that specializes in night life information. This was done with the intention of bringing together both online as well as offline interaction of the users. The creators of Skout not only want people to use Skout, but they also want for the users of Skout to meet the people that they have been talking to in real life.
MeetMe decided to acquire Skout after seeing the great potential of the app. With the new funding that is coming in, MeetMe hopes to improve not only the technology, but also the recommendation engine, the chat, among the other offered services. The CEO of MeetMe expects for Skout to grow at an exponential rate and to reach $100 million in revenue by 2018. Skout, as of presently, is well on its way to achieve this two year goal of increasing revenue.
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