Rapportive Confirms It Has Been Bought by LinkedIn; Contact Product Not Being Shut Down
As we said would happen, Rapportive has been acquired by LinkedIn.
Rapportive CEO Rahul Vohra said in a blog post today that Rapportive would continue to be available for Gmail users as a plugin that overlays information about their contacts inside their inbox, as it is today.
Rapportive has drawn many passionate users — it hadn’t disclosed how many — who were worried that it might be shut down, given the tendency by top tech companies to “acqhire” small teams for their talent but not their products.
LinkedIn offered Rapportive “low teens” of millions of dollars worth of cash, beating out other potential acquirers such as Twitter, sources said. As of Feb. 7, when we first wrote about it, the deal had not closed but was well on its way.
Rapportive raised about $1 million in 2010 from investors including Charles River Ventures, Dave McClure, Paul Buchheit, Jason Calacanis, Gary Vaynerchuk, Shervin Pishevar and Venture Hacks.