Numbers Game: Spec Work Site 99designs Acquires Germany's 12designer

Spec(ulative) design work hub 99designs is in expansion mode. Ready-made $99 logos for everyone! The company, launched in 2008 as a spinoff of SitePoint‘s design contests, announced today that it has acquired 12designer, a Berlin-based site that solicits spec work exclusively through a contest-based format. Financial terms of the deal were not disclosed. This is the first acquisition for 99designs, which last year landed $35 million in a Series A funding round led by Accel