Spanish bank BBVA purchased Simple Finance Technology Corp. for $117 million in cash.
With the deal now closed, Simple can focus on the massive growth it has planned for this year. The company has 92 employees currently and intends to more than double that this year. So far it's hired 14 people in the first three months.
“The moment you get money you can push ‘go’ on hiring,” said Simple spokeswoman Krista Berlincourt.
Read more at Portland Business Journal