Alegix Acquires Social Media Provider Play It City

Alegix, a provider of intelligent IT Software Development and Telecommunications services, today announced that it has acquired Play It City and its affiliates, a social media and online dating company, in an all cash transaction.
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Sept. 5, 2012 - PRLog -- Chantilly, VA – September 5, 2012 ─ Alegix Limited Liability Corporation, a provider of intelligent IT Software Development and Telecommunications services, today announced that it has acquired Play It City (www.playitcity.com & www.playitcity2.com)  and its affiliates, a social media and online dating company, in an all cash transaction for an undisclosed amount. The transaction was closed on Tuesday, September 4, 2012. Headquartered in Hagerstown, with a global presence extending into North America, Europe and Asia, Play It City serves more than 5,000 users.

The combination significantly enhances Alegix’s IT platform with the addition of Play It City’s social media marketing. Play It City will continue to operate its core business as part of Alegix's portfolio of brands, providing technology and media solutions for social advertising and engagement to agencies and brands

“"With demand for social media marketing solutions continuing to grow at a rapid pace, this acquisition is part of our ongoing transformation at Alegix and positions us to be a leader in both local and global social media marketing. Play It City will enhance Alegix’s Marketing Services' ability to deliver a one-stop shop for all marketing needs, including social marketing," said Co-Founders Humayun B. Naseer and Nabeel M. Saleheen. They continued to say they would like to see the website become the social networking website of choice for the Washington D.C. metro area.

About Alegix
Founded in 2011, Alegix is a privately held company headquartered in Chantilly, Virginia was founded under the premises that, Telecommunications and IT services industries are massive and confusing. Alegix's primary focus is to provide the public and private sectors with the best that technology has to offer.  Alegix’s core business units include: SharePoint Development, Mobile Application Development, Telecommunications, and Project Management.  For more information, visit http://www.alegix.com.

Investor Contact
Michael Rosen
Alegix
877-576-1117
info@alegix.com
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Tags:Alegix, IT, Telecom
Industry:Technology
Location:Chantilly - Virginia - United States
Subject:Mergers
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