Google has made its first ever UK acquisition, buying mobile visual search startup Plink for an undisclosed sum.
The acquisition follows chief executive Eric Schmidt's statement that Google is aiming to acquire at least one company each month – as well as recruit more staff – as it expands the company post-recession.
Founded by PhD students Mark Cummins and James Philbin, Plink's first product was PlinkArt, a visual recognition app for mobile that analyses pictures of well-known artworks and paintings and identifies them. Users can then share the photo with friends and also click through to buy a poster version.
I see possibilities to tie some Plink features into youtube to monetize both. I like the purchase.
But post recession? California looks like its still going to implode. Just last week Los Angeles tried to shut itself down as a city for 2 extra days per week, they're deciding to save money by closing down schools for an extra 7-10 days instead and the Universities are using waiting lists instead of admitting students. Who needs an education ? It's not over yet.