The BRCK Spins Out

We’re very excited to announce that BRCK is spinning out as a company of its own, as was the plan from the beginning of the year. It’s interesting how Ushahidi has incubated or catalyze a number of things over the last 5 years, from the iHub and BRCK, to helping start CrisisMappers. A pattern that we hope continues.

The Ushahidi leadership team and the Board thought long and hard about how we could get paid back for our investment into the BRCK, but not do it so heavily that it throttled it’s growth. We came up with a way where Ushahidi maintains an equity position with BRCK, and licenses the IP exclusively to the BRCK company for a few years before it becomes wholly owned by BRCK. The whole structure is such that if BRCK does well, so does Ushahidi.