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