Twitter has announced that it has acquired Summize, an interactive search tool and simultaneously launched its own search engine search.twitter.com. The new search tool has the exact same look, feel, and functionality of Summize, but with Twitter branding. The deal is said to be worth $15M stock and cash and depending upon how long the team stays at Twitter they could benefit from Twitter eventually getting acquired too.
The five Summize employees joining Twitter are all engineers, adding to the twelve engineers that currently work at Twitter. Summize CTO Greg Pass will become Twitter’s top tech guy as Director of Engineering and Ops.
It should be noted that Summize was not the first mover in the Twitter search space and was preceded by projects like Tweetscan. But eventually they did it best and offered the most commercially viable product.
For Twitter, which has gone through a rough year, this seems like an act of recovery. And if this is how they keep going, with reducing down times and features that make the product more useful, there might still be some hope. Still, a bunch of top Twitter users have already started to make their way to FriendFeed, which seems like it can only grow.
Source: Mashable
Filed under
Micro-blogging,
Search Engine | Tags:
Friendfeed,
Summize,
Tweetscan,
Twitter | Comment Below
Related?
Twitter Raises $15million Through Venture Capital May 23rd, 2008 Twitter has raised a new $15 million round of funding, following a bidding war by venture capitalists interested to get a slice of the micro-blogging start-up, according to a report from GigaOm. According to GiagaOm, a new investor is leading the round with existing investor, Union Square Ventures also participating in this round.
Twitter Hit 20 million Visitors in JuneJuly 14th, 2009 As opposed to the popular misconception that teens are the majority users for Twitter, lot of other people are also using Twitter. When the unique visitor hit is going down in US, Twitter's hit improved significantly in the last few months.
Amazon Invests in TwitterJune 25th, 2008 Amazon.com's Jeff Bezos is the latest investor in Internet communications firm Twitter, according to the company, as the much-watched firm announced its latest funding round in a blog post. San Franscisco-based Twitter, which runs a popular instant-messaging service.
Twitter Gaining Speed but Still in the Early StageMay 1st, 2008 Twitter, the micro-blogging platform, has been in the news quite a bit lately (in particular for VC funding ). Year on year, Internet visits to Twitter are up 8 fold.
A Close Look at TweetMic- New Addon Twitter App to Publish Audio Tweet for iPhoneMay 18th, 2009 You can create high quality audio recordings or "Tweetcasts" and publish them directly to Twitter with the help of new simple and intuitive addon app TweetMic. I would consider it a nice step to advance Social Networking one step ahead.
A Close Look at New TwtappsJanuary 11th, 2009 Twtvite is a simple event management tool. You just input your Twitter name, event name, place, time, date, and add an 140 character description.
Twitter is also Vulnerable to HackingMarch 21st, 2009 Secure Science researchers found vulnerability of Twitter Microblogging site. Hackers can attack user accounts as well as make your computer a compromising position with the help of the cross scripting code(XSS).
A Snippet of Twhirl, The Desktop TwitterJune 10th, 2008 Twhirl is a desktop Twitter client, based on the Adobe AIR platform. It connects to multiple Twitter and Friendfeed accounts, pops up notifications on new tweets, shortens long URLs (using snurl, twurl or is.gd), cross-posts updates to Pownce and Jaiku, post images to TwitPic, searches tweets using TweetScan, filters timelines, and is localized to English, German, Italian and Spanish.
