Tag Archives: Wit.ai

Top 20 Acquisitions for February 2015

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
1$350,000,000Annapurna LabsAmazonSoftware & ServicesAcquisition
2$280,000,000Travelocity ExpediaTransactionsAcquisition
3$200,000,000Panaya InfosysSoftware & ServicesAcquisition
4$171,117,750Talabat.comRocket InternetTransactionsAcquisition
6$125,000,000NetProspex Dun & BradstreetMarketingAcquisition
7$100,000,000SunriseMicrosoftMobile & AppsAcquisition
8$36,000,000Code SchoolPluralsightSoftware & ServicesAcquisition
9$33,000,000YashiNexstar BroadcastingMarketingAcquisition
10$21,000,000American HealthCare Lending Prosper MarketplaceTransactionsAcquisition
11$20,750,000SocialMoovMarin SoftwareMarketingAcquisition
12$14,800,000Muse & Co.MixiEcommerceAcquisition
13$7,769,500IconTechnologyOneSoftware & ServicesAcquisition
14$5,000,000WooplrHelion Venture PartnersMobile & AppsAcquisition
15UndisclosedeSharesUnion Square Ventures, Spark CapitalSoftware & ServicesAcquisition
16UndisclosedWit.aiFacebookSoftware & ServicesAcquisition
17UndisclosedQuickFire NetworksFacebookSoftware & ServicesAcquisition
18UndisclosedNewsfloElsevierSoftware & ServicesAcquisition
20UndisclosedPremiumBeatShutterstockSoftware & ServicesAcquisition

More information

  1. Amazon buys secretive chip maker Annapurna Labs for $350 million (Extreme Tech)
  2. Expedia Inc acquires Travelocity in $280 million deal (Reuters)
  3. Infosys Acquires SaaS Provider Panaya In Deal Valued At $200M (TechCrunch)
  4. Rocket Internet Acquires Talabat.com for €150M (FinSMEs)
  5. Yelp Acquires Eat24 for $134M (FinSMEs)
  6. Dun & Bradstreet Acquires NetProspex for $125M (FinSMEs)
  7. Microsoft Is Acquiring Calendar App Sunrise For North Of $100 Million (TechCrunch)
  8. Online Learning Service Pluralsight Acquires Code School For $36 Million (TechCrunch)
  9. Nexstar Broadcasting Acquires Yashi for $33M (FinSMEs)
  10. Prosper Marketplace Acquires American HealthCare Lending for $21M (FinSMEs)
  11. Marin Software Buys France’s SocialMoov For Up To $20.75M (TechCrunch)
  12. Not satisfied with Monster Strike, Mixi acquires Japanese fashion startup (Tech In Asia)
  13. TechnologyOne acquires Icon for AUD 10 mln (Telecompaper)
  14. Wooplr Lands $5 Million For Its Fashion Discovery Service In India (TechCrunch)
  15. eShares Raises Series A Funding (FinSMEs)
  16. Facebook Acquires Wit.ai (FinSMEs)
  17. Facebook Acquires QuickFire Networks (FinSMEs)
  18. Elsevier Acquires Newsflo (FinSMEs)
  19. Synacor Acquires NimbleTV, Startup That Streamed Live TV Online (Variety)
  20. Shutterstock Acquires Rex Features And PremiumBeat (TechCrunch)

Facebook powers up for 2015


Facebook is gearing up for 2015 with two fresh acquisitions. The social network has recently acquired Wit.ai, a speech recognition startup and QuickFire Networks, a video compression startup. According to TechCrunch, as part of Facebook, Wit.ai could help develop the company’s voice control tools, including voice-to-text input for Messenger. It can also improve Facebook’s understanding of the semantic meaning of voice and create apps that can be controlled through speech. Wit.ai claims that over 6,000 developers are already using its technology, which powers hundreds of apps and devices. QuickFire Networks, on the other hand, has its proprietary technology that can lower bandwidth requirements for videos without sacrificing quality. It is said that an estimated 1 billion videos per day are viewed on Facebook; QuickFire can easily solve this capacity problem and provide bandwidth-friendly video experience to consumers. These two new acquisitions underscore Facebook’s ambition to become an app and video powerhouse.