Washougal based startup iCooper acquired the assets of Lake Oswego-based Infinet Systems Co.
iCooper's leaders said the acquisition, which took place on Monday, was a stock-for-ownership agreement, but declined to share further specifics. Infinet Systems will become a division of iCooper, and the results of the partnership will be similar to those of a merger, said Jared Oviatt, iCooper's vice president of sales, marketing and business development.
"This basically takes us from a software development organization and more than doubles our company and takes us into software integration," Oviatt said.
iCooper was founded in July 2008, aiming to develop software compatible with Apple's iPhone. The company was one of the first to register as a business developer using the iPhone software development kit, Oviatt said.
"The iPhone was changing the way people looked at software," he said. "The Apple App Store has really redefined the way software is delivered to consumers. … That was a huge light bulb for us."
Infinet Systems existed in Lake Oswego for 14 years selling business-class software and integrating it into business customers' computer systems.
The combination of the two businesses means iCooper will be able to connect iPhone-compatible software with company's internal computer systems, Oviatt said.
The Washougal company will add Infinet Systems' nine employees to its roster, including its top executives – Tim Coulton is now iCooper's chief financial officer, while Jerry Hines is senior vice president of product development and Dick Winn is general manager and vice president of iCooper's Infinet Systems division.
Mobile Warrior is the first application iCooper submitted for sales in Apple's global online App Store. The company is awaiting Apple's approval of the software and has May 4 set as a target for Mobile Warrior's debut.
"We've got confidence (in the software) from our developer relationship manager at iPhone," Oviatt said.
Mobile Warrior is designed to be accessible through company computer networks as well as the iPhone. Users can create custom settings for tracking data such as expenditures, billable hours and project tasks, and can handle customer and enterprise resource management.
Mobile Warrior will be a basis for developing software for specific clients, Oviatt said.
Most recently, iCooper signed a deal to design, engineer, test and integrate iPhone software for Salt Lake City-based DriverTech to track and synchronize delivery, truck, driver and customer data.
