Edinburgh-based Exception, which was founded in 2002, has acquired the Dundee firm in a bid to increase its presence in the software development market.
Commenting on the deal, Exception chairman Martin Burke believes the acquisition is vital for the aspirations of the rapidly growing firm over the coming years.
Burke said: “Waracle brings a wealth of cutting-edge software engineering knowledge, talent and experience to our business.
“The world of mobility has changed how we work, live and play and our investment in Waracle will allow us to offer our customers a complete digital and mobile solution.”
Chris Martin, CEO of Waracle sees the partnership with Exception as recognition of the growth of the mobile market, but also a reflection of the company’s growth in recent years.
He added: “Waracle is about mobile software, rapid build and data-driven optimisation for mobile apps.
“Mobile devices can collect valuable data efficiently, which can be used to improve people’s health, finances and working lives.
“We are really proud of the innovative work we do and we enjoy the positive impact it can make.
“Exception’s bigger footprint will allow us to expand our services more quickly in growth areas and bring agile thinking to Exception’s existing clients.”
Waracle will continue to trade as it does today and has plans to expand its workforce in Dundee and other bases to work alongside Exception which has more than 250 people working from bases in Edinburgh, Glasgow, Manchester and London.