San Francisco
- Twitter, the social networking and micro-blogging service that lets users post
text-based messages of up to 140 characters in length, has acquired Summize, a
company that develops filtering and search applications for Twitter, according
to a post on the Twitter blog.
While financial details of the deal were not
disclosed, Silicon Alley Insider reports the purchase price was $15 million in
cash and stock.
All five of New York-based Summize's engineers will relocate to
San Francisco
and join Twitter, while the Summize service and API will be merged with
Twitter's own.
Related Links:
http://blog.twitter.com/2008/07/finding-perfect-match.html
http://snipurl.com/2z3bl
(Silicon Alley Insider)
http://summize.com
http://search.twitter.com
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