Yahoo acquires photo app-maker CoolirisNovember 22, 2014 - 08:41 AMT PanARMENIAN.Net - Photo app-maker Cooliris just announced that it has been acquired by Yahoo, TechCrunch reports. Cooliris was founded back in 2006 and was initially known for creating a “3D wall” for navigating photos and other media content. It also created a platform for mobile ads called Adjitsu, which it sold to Singtel’s Amobee division last year. More recently, the company focus shifted to a mobile app (also called Cooliris and with an interface reminiscent of the old 3D wall) that allowed users to browse photos from across services like Facebook, Flickr, and Dropbox. The team told me last year that it was seeing particularly rapid growth in Asia thanks to partnerships with companies like Renren, Yandex, and Baidu. This summer, Cooliris also launched a photo messaging app called BeamIt. The company has raised a total of $27.6 million in funding from investors including Kleiner Perkins Caufield & Byers, Deutsche Telekom’s T-Venture, The Westly Group, and DAG Ventures. On its website, the company wrote: “Yahoo has a clear vision and unwavering commitment to making mobile an intuitive and effortless experience. This makes Yahoo the perfect partner for Cooliris, and we are excited to come together to bring indispensable products to a worldwide audience.” Under CEO Marissa Mayer, Yahoo has indeed talked a lot about its focus on mobile, and just last month it acquired messaging app MessageMe. Cooliris’ acquisition announcement doesn’t say anything too specific about whether Yahoo plans to do anything with the existing products, or if this is more of a talent acquisition — all it says is that Cooliris for Mobile app and BeamIt Messenger will continue to operate “for the time being. A statement from Yahoo said: “We have acquired Cooliris. In order to build inspiring products, grow engagement, and ultimately revenue, everything starts with having the best people to help us accelerate our transformation in our growth areas. As such, we are focusing on acquisitions that align with our key growth areas: search, communications, digital magazines and video. We are excited to welcome 17 employees from Cooliris to Sunnyvale, where our core communications team is located. Nothing will change with the Cooliris products in the immediate future.” Related links: Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. India wants Armenia’s proposals on use of Chabahar port India is expecting proposals from Armenia regarding the use of Chabahar port in Iran, Indian ambassador says. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. |