Acquisitions and Milestones - 'Net Briefs
Consumers aren’t the only ones getting ready for
a holiday shopping spree — some of the biggest
names in technology have made interesting
acquisitions that should keep them busy during
the winter months. Check out these scintillating
purchases and milestones below:
■ Google has purchased Zagat, the popular rating and review service for restaurants. The acquisition is expected to push Google even further into the local commerce market. The purchase will provide content about restaurants, hotels and nightclubs that can be paired with Google’s online maps and mobile search services. The rumored $125 million purchase would be Google’s 10th largest acquisition ever.
■ eBay has announced its first social commerce acquisition with the purchase of The Gifts Project, a social group-gifting platform. This platform has been powering eBay’s Group Gifts for almost a year. The Gifts Project will focus on building shopping platforms and product features for eBay Marketplaces.
■ Skype has purchased GroupMe, a popular group messaging service. Currently, GroupMe will remain a standalone brand with more integration between the brands expected to happen in the future.
■ IBM is on a shopping spree. A day after the company bought I2, a security analytics provider, they announced plans to buy Algorithmics, a financial risk analytics software. The Algorithmics acquisition comes with a price tag of $387 million.
■ OpenText, a software and content management company, has purchased Operitel Corporation, a company that specializes in Learning Management Systems and Enterprise Learning Portals. The acquisition is expected to add e-learning capabilities into OpenText’s solutions.
■ Video recommendation provider Taboola secured $9 million in B-Round capital investments, which brings its total to $15 million overall. This comes as the company has recently passed the quarterbillion dollar mark for daily recommendations.