37 posts and columns on German
News Byteacquired Nik Software, the 16-year-old German software company behind the popular Snapseed iOS photo application. Snapseed is akin to Facebook’s Instagram, with heavy use of filters and photo manipulation. The deal, which was first reported by The Verge, could most likely mean beefing up Google+’s mobile photo assets on the company’s social platform, which already heavily emphasizes photography. Terms of the deal — namely, the acquisition price — were not disclosed.
News ByteSAP reported a 27 percent increase in software sales and maintenance services revenue for its fourth quarter. For the first time, SAP’s numbers include its 2010 acquisition of Sybase, but the company didn’t report a net profit because it has yet to determine how the $1.3 billion dollars it owes Oracle from the rival’s 2010 copyright-infringement case will impact its bottom line.
Music start-ups have been a money incinerator for a long time, but that doesn’t stop investors from trying again. Here’s the latest example, which I first wrote about back in October.