Apple has acquired a small Italian startup called Stamplay, according to a new report from local newspaper Il Sole 24 OreStamplay was founded in 2012 with a specialization in cloud development and API-based backend development — experts in fields that could benefit Apple’s services.

Apple has not yet commented on the report of this acquisition. Apple is said to have paid around five million euros for Stamplay, which equates to roughly $5.6 million. That’s a relatively small acquisition for Apple compared to some major purchases and investments recently.

Stamplay was founded by Nicola Mattina and Giuliano Iacobelli. The company raised money through crowdfunding, and later through additional investors. In 2016, Stamplay won the Visa “Everywhere Initiative” project, which sees the credit card company recognize up and coming startups each year.

Källa: Apple reportedly acquires Italian backend development startup Stamplay

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