PCH acquisition Fab.com,ceo declined to comment on price

March 4 News, it is reported, to provide customers with customized design and product manufacturing PCH Analysys Company ("PCH") announced that the company has acquired the fab.com of the Flash purchase site.
Fab.com was founded in 2011, the official website domain name fab.com registered in 1998. At that time, the company's total funding reached more than 300 million U.S. dollars, but because marketing spending beyond the controllable range and the product catalog became too large and suffered setbacks, the latter problem led to its reputation for the original design aesthetic concept has been weakened. Until 2013, Fab.com also hired 750 employees, at a time when valuations reached nearly 1 billion dollars.

Liam Casey, the Analysys company's CEO, declined to comment on the purchase price. As part of the deal, the company's 35 employees will join the PCH, Fab.com said. However, Fab.com co-founder and incumbent CEO Jason Goldberg (Jason Goldberg) will not join the PCH.

In an interview, Ms. Casey said PCH would use fab.com as a sales channel for its hardware products to help start-ups and use the platform to launch customized versions of products that could not be found anywhere else. PCH customers include smart ring start-up company ringly and modular electronic tools start-up company Littlebits.