Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

Google Acquires Mobile App Bump for $30 Million

Google acquired the mobile data sharing app Bump for at least $30 million. The acquisition rate could even be close to $60 million according to some sources.

1 Updates
Google Acquires Mobile App Bump for $30 Million
 
 

YouTube Videos Comments

Full Story

Google Acquires Mobile App Bump for $30 Million

Bump was taken over by Google for a price that probably hovers between $30 million and $60 million. The setup had collected funds amounting to $20 million from sponsors such as Sequoia Capital and Andreessen Horowitz. The foundation stone of Bump was laid half a decade ago. It manufactured its must-have application for the iPhone which allowed file transmission between two phones by merely bumping them together.

The app set a record of being downloaded a 100 million times by many users. Through the times the company has changed radically. It even came out with a collective picture-sharing app termed Flock a year ago. This turned out to be quite a popular application indeed. It made it to the list of top ten apps in over 50 nations worldwide.

Bump CEO and co-founder David Lieb announces officially in blog statement, “We’re excited to announce that the Bump team is joining Google! Our mission at Bump has always been to build the simplest tools for sharing the information you care about with other people and devices.  We strive to create experiences that feel like magic, enabled behind the scene with innovations in math, data processing, and algorithms.  So we couldn’t be more thrilled to join Google, a company that shares our belief that the application of computing to difficult problems can fundamentally change the way that we interact with one another and the world. Bump and Flock will continue to work as they always have for now; stay tuned for future updates.” 

Despite the fact that now Google virtually owns Bump, the CEO David Lieb spoke of how Bump and Flock would carry on business as usual for now. This may be an evasive statement that hides the truth behind the terms of the acquisition. Meanwhile, a Google spokesperson said that the people at Bump were an innovative lot and that they’d fit right in the environment at Google in a jiffy.

The technology created by Bump had allowed contraptions to mutually transfer information swiftly and easily. And the good thing was that this didn’t require Near-Field Communication (NFC). Bump did manage to collect some funds but its business was not going so well. So the acquisition by Google has proved to be a parachute of sorts for the startup

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Microsoft set to unveil Windows 9 on September 30th
Microsoft set to unveil Windows 9 on September 30th
While Threshold is likely to be named Windows 9, it’s unlikely that Microsoft will name its upcoming Windows release at its press event.
 
 
Tara Reid Wears Revealing Dress at Sharknado 2 Screening
Tara Reid Wears Revealing Dress at Sharknado 2 Screening
Sharknado 2 hit the big screen yesterday in LA. Tara Reid used the occasion for a dramatic red carpet appearance. How does this dress stay on her boobs?
 
 
Mariah Carey Feels Sorry About her Marital Issues
Mariah Carey Feels Sorry About her Marital Issues
The pop diva, Mariah Carey feels sorry about her marital issues. Her problems with her husband may offer trouble in the future for the rich and famous songstress.
 
 
Rear Panels Of 5.5-inch iPhone 6 In Latest Leak
Rear Panels Of 5.5-inch iPhone 6 In Latest Leak
The 4.7-inch iPhone 6 and the unofficially-named ‘iPhone 6L’ will play out like the smartphone version of the iPad mini 2 and iPad Air.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.