Posts Tagged ‘acquisition’

Yahoo Acquires Local Search App Zofari

zofariMenchie Mendoza of TechTimes recently wrote, “Affectionately described as a ‘Pandora for places,’ Zofari’s acquisition seemed to have attracted less attention when the deal was announced last week. Zofari uses natural language processing, machine learning, and third party data to collect information that matches up the user with places which the user may find interesting. The financial terms of the acquisition have not been revealed. On Zofari’s official site, the company confirmed that four of its employees are joining Yahoo. They are identified as Oliver Su, Shahzad Aziz, Jason Kobilka and Nate Weinstein. ‘After meeting some of the amazing folks on the Yahoo Search team and hearing about their vision, the decision for our team to join Yahoo was an easy one,’ said in the announcement. ‘We can’t talk about what we’re working on yet, but needless to say we are very, very excited’.” Read more

Google Acquires Emu, a Messaging & Personal Assistant App

emuMark Langshaw of Digital Spy reports, “Google has acquired the company behind Emu, a messaging app that doubles as a personal assistant. The existing application, which was for iPhone only, will be pulled from the App Store later this month.’As of August 25, 2014, we’ll be shutting down the Emu app. It will no longer be available in the App Store, and existing users won’t be able to send, receive, or download messages. We know it’s an inconvenience, and we regret that,’ said the firm in a statement. Emu uses intelligent learning and natural language processing to present the user with relevant information in real-time, and can be integrated with other services.” Read more

Deep Learning Startup Madbits Acquired by Twitter

MADBITSDerrick Harris of GigaOM reports, “Twitter has acquired a stealthy computer vision startup called Madbits, which was founded by former New York University researchers. Clément Farabet and Louis-Alexandre Etezad-Heydari. Farabet is a protégé of Facebook AI Lab director and New York University professor Yann LeCun, while Etezad-Heydari was advised by Larry Maloney and Eero Simoncelli.” Read more

Teradata Has Acquired Revelytix and Hadapt

teradataSAN DIEGO — Teradata (NYSE: TDC), the analytic data platforms, marketing applications, and services company, today announced two acquisitions that accelerate the growth of its big data capabilities.

On July 16th, Teradata acquired assets of Revelytix, a leader in information management products for big data with unique metadata management technology and deep expertise in integrating information across the enterprise. On July 17th, Teradata acquired assets of Hadapt, including experienced big data technologists and intellectual property.  Read more

Newsle Joins LinkedIn

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Jonah Varon and Axel Hansen’s semantic news app Newsle has become part of LinkedIn, and so have Varon and Hansen (plus their engineering team.) According to Newsle, “We founded Newsle with a simple goal: to deliver important news about the people who matter to you. Three years and 2 million users later, we’re happy to say that we’re well on the way toward realizing that goal. LinkedIn is equally passionate about offering insights that can help professionals better do their jobs and will help us accelerate our efforts by making Newsle available to its members. We’re delighted that our team of engineers — Liz, Farid, Shane, and Nick — will be making the move with us to LinkedIn. We’ll keep Newsle online as a standalone service as we combine all the functionality  with LinkedIn’s core services.” Read more

Nokia Acquires Mapping Startup Desti

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Natalie Gagliordi of ZDnet reports, “It looks like Nokia is expanding its HERE Maps mapping business with its acquisition of the mapping startup Desti, a spinout from SRI International — the same group responsible for Apple’s Siri. This is the Finnish company’s first purchase since it sold its phone-making business to Microsoft last month.  Desti uses artificial intelligence and natural language processing to help travelers find what they’re looking for. For instance, if someone is looking for a low-cost place to stay on a business trip, Desti mines through hotel reviews and descriptions and weeds out the options that would appeal to partying college kids or lovers on a romantic getaway.” Read more

Wavii Founder Leaves Google One Year After Acquisition

wavii logoAlexia Tsotsis of TechCrunch reports, “Lots of Google executives are at the Re/Code Code conference in Rancho Palos Verdes this week. But at least one of them won’t be a Google executive for very much longer. Wavii founder Adrian Aoun is leaving the search company, a little more than a year after the $30 million acquisition of his content aggregation startup, in order to start a second company. It is unclear whether he left money on the table.” Read more

@WalmartLabs Acquires Adchemy

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Jeremy King of WalmartLabs reports, “We’re thrilled to welcome 60+ talented technologists from Adchemy to @WalmartLabs, adding to our expertise in areas like semantic search, data analytics and marketing. Getting to where we are today has been quite a ride. Several years ago we realized that to scale e-commerce to Walmart’s 245 million weekly customers around the world, we needed world-class talent and agile teams that could develop innovative and scalable technologies. We set forth to recruit, acquire and integrate the best technologies and talent in Silicon Valley. It started with the creation of @WalmartLabs three years ago, which is the tech and innovation arm of Global eCommerce. And, Adchemy is our twelfth acquisition since Labs’ creation, and one of our largest to date in terms of people.” Read more

Rovi Launches Personalized Discovery Solution

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Mari Silbey of Light Reading reports, “Just two months after acquiring Veveo for $62 million in cash, Rovi has launched a new Personalized Discovery Solution combining its own entertainment metadata with Veveo’s voice-enabled semantic search technology. The solution for pay-TV operators offers predictive search and a content recommendation platform. Rovi’s metadata supplies contextual program information, while Veveo’s machine-learning technology — also called its ‘Knowledge Graph’ — adapts to a viewer’s behavior over time to refine and personalize the user interface experience. Rovi Corp. is also including Conversation Services in its new search-and-recommendation engine. Built by Veveo Inc. , this technology enables an interactive dialog between users and the on-screen program guide. Veveo Chief Marketing Officer Samrat Vasisht once described the service as ‘Siri for your TV,’ referring to Apple Inc. ‘s voice recognition software.” Read more

Rovi Set to Acquire Veveo

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Stephanie Mlot of PC Mag reports, “Rovi announced today that it will acquire Veveo in order to boost its search and analytics tools. The $62 million cash purchase comes with Veveo’s Knowledge Graph-driven semantic tech and natural-language controls, the latter which likely means integrated voice search. Massachusetts-based Veveo—not to be confused with YouTube’s Vevo music service—launched 10 years ago with the hope of bridging connected devices with intelligent discovery solutions. Over the last decade, the company has acquired 50 patents and works with the likes of AT&T, Cablevision, and Verizon. Now, it will bring its semantic solutions to Rovi, which licenses data for TV guides, and intends to use Veveo’s technology to tailor entertainment suggestions to each individual user.” Read more

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