Metatron Inc (OTCMKTS: MRNJ), in a statement, announced that it would acquire Mountain Green Inc. While the former company develops apps for Google and Apple, the latter is a corporate e-commerce house.
Information about the two companies
The mobile and web technology company has to its credit, developed more than 2.000 apps for iTunes and Google Play platform. The corporate e-commerce house, in the last 12-months alone, has generated over four million in sales. To its credit, Mountain Green Inc has a database of thousands of customers in its possession, and it owns several digital properties. However, according to sources aware of the developments, the acquisition will come through only after management approval. The deal will be completed, in the third quarter of 2021, if all falls in place.
Meanwhile, it is learned that that the two corporate houses plan to introduce many websites and apps in various categories, including lifestyle, gaming, and entertainment. Presently, Mountain Green Inc. has a robust virtual presence. It is involved in selling electronic gadgets, healthy supplements, and digital content under the umbrella of many-a-brand names on online platforms like Amazon and other social media platforms.
The global e-commerce space is a thriving market
In 2021, the overall value of the global e-commerce market is expected to touch $4.89 trillion in value. The projected number is expected to touch 19.5% in 2021, a 45.8% increase in eCommerce market share over two years. In the following five years, this space is expected to grow. It is projected to reach 21.8% by 2024, which means an 8.2% increase.
Updating its Bit-Meet D-Fi App in the pipeline
According to a source, Metatron Inc plans to update its Bit-Meet D-Fi App. Through the app, users can do peer-to-peer crypto transfers. Also, in the pipeline, the company plans to update Vaporize, which is a chat app. Having made an appearance on the Google and Apple stores, the apps will be launched exclusively on the web in the future.
DApps Market was valued at $10.52 Billion in 2019, and its size is expected to touch $368.25 Billion by 2027, recording a CAGR of 56.1%.