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Tuesday September 2, 2014

Square Builds NY Presence via Design Firm 80/20

DETROIT, MI - SEPTEMBER 12: Jack Dorsey, Chair...

 Jack Dorsey, Chairman of Twitter and CEO of Square,. (Image credit: Getty Images via @daylife)

The mobile ad payment startup Square announced its purchase of 80/20, a NY design firm. Jack Dorsey, CEO and founder of Square, tweeted the news. The NY acquisition occurred two weeks after Square closed more than $200 million in new funding. 80/20 specializes in interface design for clients including Warner Bros., Motorola, Vodafone, Second Life and Sony.

“The natural next step for 80/20 is to commit our focus to one company, and Square is a perfect fit,” the 80/20 said in a note posted on its website.

Venture Beat