Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Mobile Tech
DDoS Protection Powered By Verisign
Average Rating:
Rate this article:  
Google Bumps Into Mobile App Acquisition

Google Bumps Into Mobile App Acquisition
By Jennifer LeClaire

Share
Share on Facebook Share on Twitter Share on Linkedin Share on Google Plus

The app was popular early on but more recently its popularity may have waned and it never developed a real revenue model. As a result of acquiring Bump, Google can incorporate the technology into the Android OS as a native and app-free way of sharing a range of information types, said analyst Greg Sterling.
 


Search giant Google has snapped up a mobile startup known as Bump. The company, which had won $20 million in venture capital support from investors like Marc Andreessen and Sequoia, let the world know on its Tumblr blog.

Founded in 2008 and available for Android and iPhone, Bump bills itself as the easiest way to share files between devices. The company also developed Flock, a photo-sharing app that lets people share photos privately and in groups for Android and iPhone devices. There's also Bump Pay for payments.

"Our mission at Bump has always been to build the simplest tools for sharing the information you care about with other people and devices," wrote David Lieb, CEO and co-founder of Bump, in a blog post. We strive to create experiences that feel like magic, enabled behind the scene with innovations in math, data processing, and algorithms."

Flocking to Bump

As the company describes it, there are two parts to Bump: the app running on your device and a smart matching algorithm running on the company's servers in the cloud. The app on your phone uses the phone's sensors to literally "feel" the bump, and it sends that info up to the cloud. The matching algorithm listens to the bumps from phones around the world and pairs up phones that felt the same bump. Then Bump routes information between the two phones in each pair.

For its part, Flock finds the photos you take with friends and family and brings them from each person's phone together in a single, shared album. Bump Pay lets you stop writing checks or handling cash. You can settle up with friends right on the spot by just bumping phones together.

"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," Lieb said. "Bump and Flock will continue to work as they always have for now; stay tuned for future updates."

Compelled to Sell?

Although financial terms of the deal were not disclosed, All Things D pegged the price at between $30 million and $60 million. We asked Greg Sterling, principal analyst at Sterling Market Intelligence, for his thoughts on Google's latest buy. Despite its apparent popularity, he told us Bump may have been compelled to sell.

"The app was popular early on but more recently its popularity may have waned and it never developed a real revenue model," Sterling said. "Google can incorporate the technology into the Android OS as a native and app-free way of sharing a range of information types."
 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Mobile Tech
1.   HTC One M8 Windows Phone Unveiled
2.   Verizon Tops in Mobile Networks
3.   Sprint Out with Data Guns Blazing
4.   Best Buy Leaks Moto 360 Watch Info
5.   Google Buys Contextual Image Startup


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Chinese Hackers Nab Info on Millions of U.S. Patients
A group of Chinese hackers has stolen the personal information, including names and Social Security numbers, of about 4.5 million patients at hospitals operated by Community Health Systems.
 
Premier FBI Cybersquad in U.S. To Add Agents
After helping prosecutors charge Chinese army officials with stealing trade secrets from major companies and by snaring a Russian-led hacking ring, the premier FBI cyber-squad is getting a boost.
 
Apple Opens iCloud Data Center in China
Treading lightly, Apple acknowledged it has started to store encrypted iCloud personal data of some Chinese users on servers in mainland China, operated by the state-owned China Telecom.
 

Enterprise Hardware Spotlight
Compression, Deduplication Come to Violin Concerto 2200
Violin Memory has announced that data deduplication and compression capabilities are now available on its Concerto 2200 solution. Typically, users will experience deduplication rates between 6:1 and 10:1.
 
Cisco Axes 6,000 Employees in Restructuring Plan
Faced with declining profits, Cisco is laying off up to 6,000 employees in the months ahead -- a whopping 8 percent of its global workforce. That's in addition to the 4,000 jobs Cisco cut last year.
 
Web Slows, Have Internet Routers Reached The Limit?
If you encountered problems connecting to the Internet on August 12, you weren't alone. Networking experts blame the wide-scale slowdown on outdated routing systems that are reaching their limits.
 

Mobile Technology Spotlight
HTC Debuts Windows Phone Version of One M8 Smartphone
HTC is bringing the Windows Phone mobile OS to its flagship One M8 device -- the first time any mainstream flagship smartphone has been offered with a choice of operating systems.
 
Verizon Earns Top Rating in Mobile Network Comparison
A new report says Verizon Wireless was the top-performing U.S. cellphone service provider in the first half of 2014, on a nationwide and state-by-state basis, as well as in metro areas.
 
Sprint Comes Out with Data Guns Blazing
As its new CEO promised, Sprint has rolled out a new aggressively competitive price plan. The shared data plans promise twice the high-speed data and at lower prices than AT&T and Verizon Wireless.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.