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Quixey Acquires App Search Company, Kite.io
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Msg#: 4664187 posted 3:26 pm on Apr 18, 2014 (gmt 0)

App search is still in its infancy so this is an interesting acquisition.

Mobile app search engine Quixey, backed by $75 million from Alibaba, Innovation Endeavors, Translink Capital and others, has put some of those dollars to use by acquiring a smaller, competing app search startup, San Francisco-based Kite.io. The deal was more of a talent grab, we hear, bringing Kite.io’s founders to Quixey where they’ll continue to help the company build out its search technology.

Terms of the deal are not being disclosed, but it was a mixture of cash and stock. Kite.io itself had not raised any funding.Quixey Acquires App Search Company, Kite.io [techcrunch.com]

 

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