US-based developer of social advertising displays for businesses exits for undisclosed amount.

Spectrio, a US-based marketing equipment maker, has agreed to acquire Enplug, a US-based developer of social advertising displays for businesses, for an undisclosed amount.

In April 2014, Enplug had raised $2.5m in seed funding from diversified company Amidi Group, DominateFund, zPark Venture and angel investors including Troy Carter, Interscope executive vice president David Cohen and Lightspeed Venture Partners managing director Justin Caldbeck.

James Mawson

James Mawson is founder and chief executive of Global Venturing.