Mergers And Acquisitions - Latest Technology mergers
mergers and aquisitions
Google will acquire Flutter for close to $40 million
This blog has previously discussed the popularity of mobile technology, and how more Mergers and Acquisitions activity is centered around companies that want to hone their products in that area. Internet giant Google is no different, as it announced this week that it will acquire Flutter, which specializes in gesture recognition technology.
TechCrunch explained that the technology mergers and acquisitions will likely improve Google's current Android and Glass options, possibly offering options similar to Microsoft's Kinect. Specific terms of the deal were not released, but TechCrunch reported that it would be close to $40 million.
Flutter co-founder Navneet Dalal wrote a statement on the company blog, saying that the Flutter team was excited for the opportunity to work with Google and that it has been their dream to "build a ubiquitous and power-efficient gesture recognition technology."
From there, Flutter has been able to build machine vision algorithms and fine tune its user experience.
"We share Google's passion for 10x thinking, and we're excited to add their rocket fuel to our journey," Dalal wrote.
Again , Yahoo! adds Hitpost to technology acquisition list
Yahoo! has made one technology mergers acquisitions after another this last year, and it does not appear to be letting up anytime soon. Marissa Meyer's company is set to acquire Hitpost, according to several reports, although financial details of the deal have not yet been disclosed.
Hitpost creates sports-centric mobile apps, and sources close to the deal explained to TechCrunch that the move will help Yahoo! improve its sports offerings on iOS and Android platforms. Specifically, Hitpost has applications that support live discussions and polls on sports.
SportsBet is the company's largest application and has between 1 and 5 million installs on Google Play, according to the news source.
Hitpost released a statement on its website, saying that it was an exciting opportunity because Yahoo! is a legendary tech firm and a sports market leader.
"Teaming up with Yahoo is an exciting strategic opportunity for Hitpost to deliver our value at a larger scale, and we can't wait to get started," the statement read. "Our team of seven has joined Yahoo Sports in Sunnyvale and San Francisco, where we will be working to bring Hitpost's technology-powered engagement to Yahoo's global audience."
A contribution piece on Web Pro News said that the last Yahoo! technology M&A with a mobile sports application—Bignoggins—led to the development of a fantasy sports application. It added that this situation will likely not be much different.
Technology mergers and acquisitions are often able to benefit all parties involved, regardless of their size. Even with Yahoo!'s prestige, it can still become stronger and improve its offerings to customers through the assistance of other companies.
GigaOm's Janko Roettgers interviewed Dalal one year ago, when the co-founder explained that gestures were just the first step. He hinted at the time that facial recognition could be coming, because it does not make sense to wave your hand at a smartphone while on the subway. The bigger vision is to give machines eyes, and make them aware of their users, he said.
A Google spokesperson released a statement that said Flutter's team had an impressive ability of designing "new technology based on cutting edge research." Additionally, Google is looking forward to supporting and collaborating on their research efforts.
This blog has previously discussed the popularity of mobile technology, and how more Mergers and Acquisitions activity is centered around companies that want to hone their products in that area. Internet giant Google is no different, as it announced this week that it will acquire Flutter, which specializes in gesture recognition technology.
TechCrunch explained that the technology mergers and acquisitions will likely improve Google's current Android and Glass options, possibly offering options similar to Microsoft's Kinect. Specific terms of the deal were not released, but TechCrunch reported that it would be close to $40 million.
Flutter co-founder Navneet Dalal wrote a statement on the company blog, saying that the Flutter team was excited for the opportunity to work with Google and that it has been their dream to "build a ubiquitous and power-efficient gesture recognition technology."
From there, Flutter has been able to build machine vision algorithms and fine tune its user experience.
"We share Google's passion for 10x thinking, and we're excited to add their rocket fuel to our journey," Dalal wrote.
Again , Yahoo! adds Hitpost to technology acquisition list
Yahoo! has made one technology mergers acquisitions after another this last year, and it does not appear to be letting up anytime soon. Marissa Meyer's company is set to acquire Hitpost, according to several reports, although financial details of the deal have not yet been disclosed.
Hitpost creates sports-centric mobile apps, and sources close to the deal explained to TechCrunch that the move will help Yahoo! improve its sports offerings on iOS and Android platforms. Specifically, Hitpost has applications that support live discussions and polls on sports.
SportsBet is the company's largest application and has between 1 and 5 million installs on Google Play, according to the news source.
Hitpost released a statement on its website, saying that it was an exciting opportunity because Yahoo! is a legendary tech firm and a sports market leader.
"Teaming up with Yahoo is an exciting strategic opportunity for Hitpost to deliver our value at a larger scale, and we can't wait to get started," the statement read. "Our team of seven has joined Yahoo Sports in Sunnyvale and San Francisco, where we will be working to bring Hitpost's technology-powered engagement to Yahoo's global audience."
A contribution piece on Web Pro News said that the last Yahoo! technology M&A with a mobile sports application—Bignoggins—led to the development of a fantasy sports application. It added that this situation will likely not be much different.
Technology mergers and acquisitions are often able to benefit all parties involved, regardless of their size. Even with Yahoo!'s prestige, it can still become stronger and improve its offerings to customers through the assistance of other companies.
GigaOm's Janko Roettgers interviewed Dalal one year ago, when the co-founder explained that gestures were just the first step. He hinted at the time that facial recognition could be coming, because it does not make sense to wave your hand at a smartphone while on the subway. The bigger vision is to give machines eyes, and make them aware of their users, he said.
A Google spokesperson released a statement that said Flutter's team had an impressive ability of designing "new technology based on cutting edge research." Additionally, Google is looking forward to supporting and collaborating on their research efforts.