FounderMatchup Merges with CoFoundersLab

Cambridge, MA, May 18, 2012 --(PR.com)-- FounderMatchup, Inc., a company based in Cambridge, Massachusetts, is pleased to announce its merger with CoFoundersLab, Inc., a Maryland based company.

FounderMatchup has striven to connect potential co-founders in Massachusetts, Connecticut, and New York to help create and launch startups.

“CoFoundersLab is a fantastic organization with a similar mission to FounderMatchup. We are particularly excited that our members will be able to continue or begin their matchup experience online with CoFoundersLab’s online matching platform,” said Marsh Sutherland, Chairman and Co-Founder of FounderMatchup. “We look forward to seeing CoFoundersLab’s expansion and continued success in helping individuals form successful companies.”

"FounderMatchup is the most popular co-founder matching event in Boston, and we're delighted to further support the FounderMatchup community by introducing the online matching service of CoFoundersLab,” Shahab Kaviani, Co-Founder of CoFoundersLab, commented. “We hope this service will improve members’ chances of building strong founding teams."

FounderMatchup held an event in Cambridge, Massachusetts on May 22, hosting over 190 potential co-founders. CoFoundersLab will continue to host in-person, co-founder matching events for the community. The next Boston event will be held on July 12th at the Harvard Innovation Lab. For details, visit http://www.meetup.com/Co-Founders-Wanted-Boston/.

More information regarding CoFoundersLab can be found at CoFoundersLab.com.

Financial terms of the transaction are undisclosed.