PlaySay, the Philadelphia-based iPhone "social language learning app" founded by Temple grad Ryan Meinzer in 2008 and backed by Novak Biddle Venture Partners, has been acquired by Berlin-based online language teaching firm Babbel.com for an undisclosed price.
Meinzer, who's from an entrepreneurial family (his parents run Hershey Trolley Works, his brother Jason started Philadelphia's CityRyde bike share, which has morphed into the Zagster bike service) is taking a job with apps-builder Heroku and is also being recruited as a strategic adviser by Babbel.
Babbel, headed by Markus Witte, claims more than 8 million downloads of its smartphone applications and claims to have tripled its business in the past year. PlaySay was a finalist in the 2011 TechCrunch Disrupt show and claims status as a popular app download in the U.S. and other countries, but Meinzer had recently told friends he was looking to sell the business.
Adds Babbel: "Users of PlaySay can continue to use the app for at least 45 days and can also access the Babbel language learning apps on the web, for the iPhone or the iPad."