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...
APC Free White Paper
Optimize your network investment &
Enter to win a Samsung Galaxy Note

www.apc.com
Digital Life
Tame your scariest paperwork. Find Out How
Average Rating:
Rate this article:  
Google Bumps Into Mobile App Acquisition
Google Bumps Into Mobile App Acquisition

By Jennifer LeClaire
September 16, 2013 1:24PM

    Bookmark and Share
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:



APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.


 Digital Life
1.   FTC Sues Amazon for In-App Purchases
2.   Silent Circle Offers Roam-Free Plan
3.   NY Reaches Price Limit Deal with Uber
4.   LinkedIn Replaces Contacts Mobile App
5.   Is Apple Dumping iPhones on eBay?


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

Network Security Spotlight
Report: Chinese Hackers Hit U.S. Personnel Networks
Hackers from China broke into the computer networks of the U.S. Office of Personnel Management earlier this year with the intention of accessing the files of tens of thousands of federal employees.
 
Charges: Russian Stole Data from U.S. Restaurants, Zoo
A Russian man arrested on bank fraud and other charges hacked into computers at restaurants in Washington, hundreds of other retail businesses, and even the Phoenix Zoo, authorities say.
 
Another Month, Another IE-Focused Patch Tuesday
Microsoft rolled out 59 vulnerabilities for Internet Explorer in June. But the IE-patching party is not over yet. Redmond published six new security bulletins on Tuesday; two, critical; three, important.
 

Enterprise Hardware Spotlight
Another Day, Another Internet of Things Consortium Is Born
In the emerging Internet of Things, zillions of devices will be talking to each other. Samsung, Intel and Dell just formed a consortium to ensure each thing can understand what others are saying.
 
Gartner Sales Study Sees Tablets Up, PCs Down but Recovering
Are PCs on the comeback trail? That depends on how you define "comeback." While tablet sales remain strong, Gartner's latest study found PC shipments aren't dropping as fast as they did last year.
 
Review: Warming Up to Tablets with Keyboard Covers
If you've ever thought tablets with keyboard covers were just a poor excuse for a laptop, think again. Nokia's Lumia 2520 comes with an optional keyboard cover that just may change your mind.
 

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 | Small Business | 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 | XML/RSS Feed

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.