Google is very well known for investing in acquiring well known companies, the acquisition of Motorola Mobility is a very good example. Google is not scared or worried about spending huge amounts of money on acquisitions. If the company thinks that the patents held by the company in question, and the technology that it uses is worth enough the money, Google will buy it.
The new company that has been added to the list of companies acquired by Google is Viewdle. Viewdle is an augmented reality and image recognition firm. There were rumors on the internet that Google and Motorola Mobility are actually in talks with Viewdle to acquire the company, but nobody actually gave much attention to this news. Today, it turns out that the rumor was actually true.
In 2008, Viewdle had been already in talks with Google about the acquisition, and fast forward to 2011, the company was again in talks with Motorola Mobility about the acquisition. And now its acquired. Google’s Motorola Mobility has made the transaction, and the statement given by the division to Tech Crunch is as follows:
“Motorola Mobility today announced that it has acquired Viewdle, a leading imaging & gesture recognition company. Motorola and Viewdle have an existing commercial agreement and have been collaborating for some time. Terms of the transaction were not disclosed.”
If you want to know a bit more about Viewdle, Tech Crunch explains:
Viewdle was founded in Ukraine in 2006 and still keeps a considerable presence there, but the company is now headquartered in Silicon Valley. The company raised about $12.5 million in venture funding since launch, including a $10 million Series B round in 2010. Among the company’s investors are Best Buy Capital, BlackBerry Partners Fund, Qualcomm, KCP Capital and Anthem Venture Partners. The founders, our source tells us, were heavily diluted in the process.
Source: Tech Crunch