Tag Archive: acquisition
Image recognition startup, SnapTell that lets users identify products has been acquired by Amazon’s A9. The terms and finances for the deal remain undisclosed. The startup utilizes visual product search technology and enables users to identify any product by simply taking a photo of any item; books, DVDs, etc and then extracts the items’ rating and price from online services like Amazon, Google to name a few. With a database of over 5 million and an app for the iPhone to do the business, SnapTell is definitely a must have tool for all shopping enthusiasts.
If you own a very creative (read simply creative) domain on the web, you are lucky. Why? Well if it attracts someone with a sizeable value in cash, you will be a millionaire by simply signing it off to someone else. Presently, Candy.com has been purchased by G&J Holdings for $3 million. Quite expensive for a candy, anyone will pay that much when you have got close to a million searches a month for the word alone. Now each name on the web is unique and creative enough, but what makes it worth all that cash is how much traffic that particular web property pulls in and secondly how simply creative is the domain name and Candy.com has both. Reports state that G&J will be using the domain to become the online store for candies. Talk about an expensive bite.
