Kaboose recently announced that it has signed a definitive agreement to acquire substantially all of the assets of Two Peas Inc. ("Two Peas", and often, "2Ps") ( www.twopeasinabucket.com ) for US$600,000 in cash with additional consideration to be paid to the owners of Two Peas on an earn-out basis.
Two Peas is the largest online scrapbooking community in the U.S. Scrapbooking is a multibillion dollar industry that has quickly transitioned to the Internet. The sector has quadrupled over the last five years and is the fastest growing hobby segment, according to the Craft & Hobby Association. In addition to operating an online storefront, Two Peas offers its users a number of services that enhance and inspire their scrapbooking hobby.
About Kaboose Inc.
Kaboose (www.kaboose.com), the largest independent online media company focused on kids and families, features over 12,000 pages of content for parents and over 1,000 games and educational activities for kids. Kaboose entertains, informs and educates millions of kids and parents every month and helps some of the world's leading brands reach this coveted audience.