862 posts and columns on acquisition
Ptch, a mobile photo and video editing app that was created by a team spun out of DreamWorks, is shutting down so it can become part of Yahoo, the company told users today (co-founder Ed Leonard was already back at DreamWorks). Over the years, Yahoo has bought various video editing startups, including Jumpcut and more recently Qwiki. Ptch closes down Jan. 2.
PasswordBox, the password management tool that recently raised funding, has acquired Legacy Locker, a five-year-old service that allows people to store an encrypted page of passwords and important documents to share with loved ones when they die. One interesting part of the deal (terms were not disclosed) is that all info from Legacy Locker accounts will be deleted, as it was deemed unwise to port an encrypted database. Users will have the option to reregister for the service as part of PasswordBox.
News ByteFlutter, which takes input via a computer webcam rather than a dedicated device, in order to control programs like Spotify, iTunes, VLC and Quicktime. In its announcement of the deal on its homepage, Flutter said it would continue its research at Google and keep its own app up and running. The company was backed with $1.4 million from Andreessen Horowitz, NEA, Spring Ventures and Y Combinator. A Google spokesperson said, “We’re really impressed by the Flutter team’s ability to design new technology based on cutting-edge research.”
News ByteLivefyre has bought Storify, a tool that’s often used by journalists for collecting conversations on Twitter and elsewhere for the purpose of telling stories. The Storify product will continue under its new owner, and will be run by the same team. Building on top of its comment plugin for publishers, Livefyre had already developed its own social content-curation tools, which companies like ours have used — for instance, at the D11 conference.
News ByteAppcelerator has bought Singly, an application programming interface integration tool that had much promise and had raised a $7 million Series A round just over a year ago, but only had a few customers (for instance, TimeHop, the nostalgic app that brings back old social media posts). Appcelerator has proven much more popular, with 500,000 mobile developers signed up. Though smaller, the deal follows other recent API startup acquisitions Parse and Mashery.