Tag Archives: Wit.ai

Top 20 Acquisitions for February 2015

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $350,000,000 Annapurna Labs Amazon Software & Services Acquisition
2 $280,000,000 Travelocity Expedia Transactions Acquisition
3 $200,000,000 Panaya Infosys Software & Services Acquisition
4 $171,117,750 Talabat.com Rocket Internet Transactions Acquisition
5 $134,000,000 Eat24 Yelp Transactions Acquisition
6 $125,000,000 NetProspex Dun & Bradstreet Marketing Acquisition
7 $100,000,000 Sunrise Microsoft Mobile & Apps Acquisition
8 $36,000,000 Code School Pluralsight Software & Services Acquisition
9 $33,000,000 Yashi Nexstar Broadcasting Marketing Acquisition
10 $21,000,000 American HealthCare Lending Prosper Marketplace Transactions Acquisition
11 $20,750,000 SocialMoov Marin Software Marketing Acquisition
12 $14,800,000 Muse & Co. Mixi Ecommerce Acquisition
13 $7,769,500 Icon TechnologyOne Software & Services Acquisition
14 $5,000,000 Wooplr Helion Venture Partners Mobile & Apps Acquisition
15 Undisclosed eShares Union Square Ventures, Spark Capital Software & Services Acquisition
16 Undisclosed Wit.ai Facebook Software & Services Acquisition
17 Undisclosed QuickFire Networks Facebook Software & Services Acquisition
18 Undisclosed Newsflo Elsevier Software & Services Acquisition
19 Undisclosed NimbleTV Synacor Media Acquisition
20 Undisclosed PremiumBeat Shutterstock Software & Services Acquisition

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

Commentary

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.