MoneyDesktop Acquires MoneyReef

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PFM MoneyDesktop announced this morning that it has acquired MoneyReef, a financial mobile app development company. This is MoneyDesktop’s second acquisition in 8 months.

As part of the acquisition, the MoneyReef design will be incorporated into MoneyDesktop’s PFM platform, which will enhance the mobile experience for the clients of its 300+ financial institutions. In addition, the MoneyReef team will be joining MoneyDesktop.

The terms of the deal were undisclosed.

MoneyDesktop also noted that the iPad app it demoed at FinovateSpring will be available in the next month or so.

To learn more about MoneyDesktop, watch its FinovateSpring 2012 demo and come to FinovateFall next month to check out their new demo.

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