SurveyMonkey, one of the best and most popular web survey provider, has acquired the hip startup Wufoo for $35 Million in cash and stock. The entire team behind Wufoo will move to Palo Alto, where SurveyMonkey is based.
Wufoo, which was founded in 2006, claims more than 500,000 users. A basic offering, which includes three forms and a limited number of fields is free, while the company charges users up to $199.95 a month for additional features. SurveyMonkey, which has a similar freemium model, claims more than 8 million users.
According the founders, SurveyMonkey will keep all the Wufoo services and will actually help to grow them in international markets and allowing them to utilize the SurveyMonkey technologies to solve problems such as improving the data collection systems. The entire team of Wufoo will move to SurveyMonkey offices in Palo Alto, California to be integrated into the new organization.