Urban Airship buys Tello

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Tuesday, December 04, 2012

Portland mobile software developer Urban Airship has acquired Palo Alto, Calif.-based Tello, a startup that focuses on Apple's online wallet Passbook.

The all-stock deal, Urban Airship's second acquisition, reflects the Portland company's ambition to soar into new markets in mobile technology.

"Three-and-a-half years ago, when we started this, I had no idea we were going to grow this fast," said Scott Kveton, Urban Airship's chief executive and co-founder.

Urban Airship now employs more than 100 people, double twice as many as this time last year. Kveton said he expects his work force could double again next year.

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