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Apple acquired Italian based API integration developer ‘Stamplay’ for a whopping $5.678 million.Stamplay is basically a “low code work-flow automation platform, empowering organizations to streamline manual work by integrating data and business applications used every day”.
However, the reasons for the iPhone-maker purchasing the Rome-based start-up remains unclear. The startup, however, has experience in the Italian payments Industry a sector that Apple entered with Apple Pay, and is expected to expand upon with a self-branded credit card next week.
As part of the deal, Apple has decided to permanently keep the Co-Founders of the company, Giuliano Iacobelli and Nicola Mattina.Apple has not officially announced the acquisition as of yet.
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