Cooliris, the company known for building photo app products like CoolPreviews, PicLens, Android Gallery, LiveShare, and most recently BeamIt, announced yesterday that it has been acquired by Yahoo. A statement from the Cooliris team on its website says:
Yahoo has a clear vision and unwavering commitment to making mobile an intuitive and effortless experience. This makes Yahoo the perfect partner for Cooliris, and we are excited to come together to bring indispensable products to a worldwide audience.
See: At Cooliris, interns aren’t cheap labor, they’re potential star employees
TechCrunch reports that Cooliris has seen particularly rapid growth in Asia due to partnerships with companies like Renren, Yandex, and Baidu. To date, the company has raised a total of US$27.6 million in funding from investors including Kleiner Perkins Caufield & Byers, Deutsche Telekom’s T-Venture, The Westly Group, and DAG Ventures. Yahoo provided the following statement:
We have acquired Cooliris. In order to build inspiring products, grow engagement, and ultimately revenue, everything starts with having the best people to help us accelerate our transformation in our growth areas. As such, we are focusing on acquisitions that align with our key growth areas: search, communications, digital magazines and video. We are excited to welcome 17 employees from Cooliris to Sunnyvale, where our core communications team is located. Nothing will change with the Cooliris products in the immediate future.
Editing by Gwendolyn Regina and Enricko Lukman
(And yes, we’re serious about ethics and transparency. More information here.)
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