2 January 2019

The Innovation Factory at the mashfrog Group

The group strengthens its skills in e-commerce and mobile tech with Magento technology 

The mashfrog group is growing again! With the acquisition of The Innovation Factory, it’s strengthening its skills in e-commerce and mobile tech.

With operational offices in Italy and Spain, The Innovation Factory is specialized in Magento technology (with 8 certifications and recognition as Professional Solutions Partner) with which it has developed several B2C/B2B platforms, marked by scalability and ability to evolve over time.

"With the addition of The Innovation Factory -  said mashfrog’s CEO, Federico Zuin - the Group’s offering is completed and the groundwork is laid for the achievement of our target of 50 million in turnover in 2020”. 

The Innovation Factory has developed an annual turnover of about 3 million euro. This operation allows the mashfrog Group to bring its production value close to 30 million, consolidated in 2018 and 15% already produced abroad. The Group’s growth during the year was about 60% over 2017.

With this acquisition, mashfrog increases its offering for e-commerce in the UK market - the main European market for the Magento platform – and in Asia, making the most of the Group’s international scope, demonstrated in 2018 with the definitive opening of new offices in London and Dubai.