Report: Google spent nearly $2B on 79 acquisitions in 2011
Added On:2/2/2012 2:10:00 PM

A latest report that grabbed eyeballs, is about the search giant’s acquisitions made in 2011. If reports are to be believed, Google has spent nearly $2 billion on total of 79 acquisitions in year 2011. Most of Google's 2011 acquisitions were targeted at enhancing its local business and commerce search efforts.

To the reader’s surprise, in the first nine months of 2011, Google had completed the acquisition of 57 companies for a total of US $502 million, surpassing the previous record of 44 acquisitions for US $669 million in previous year.

It is worth noticing, Google has acquired over 100 firms in the last decade, translating into purchase of 10 companies a year on average.

The biggest acquisition of 2011was the $676 million purchase of ITA Software by Google. Other significant deals include acquisition of ad market specialist Admeld for $400 million and restaurant review guide maker Zagat for $151 million. 

Near the year end, search giant Google Inc has acquired two startup firms, Apture and Katango. These acquisitions are likely to help the company to enhance user’s experience for its browser and social networking services. 

Most recently, Google acquired mobile application developer CleverSense.  Sources informed, Clever Sense is known for its 'Alfred' application which is basically a location-based bar recommendation application. 

Analysts believe, these deals help Google to compete against its rivals including Facebook, Microsoft and other. 

 

ITVoir NewsDesk



Tags: Google, Zagat, Google acquisitions, Admeld, Apture, Katango, CleverSense
  

News Archive - News
1  2  3  4  5  6  7  8  9  10  11  12  13  14  15    Older>>  

Internet Explorer(introduced in 1998), for the first time has registered a significant decline in the market share. According to the latest report, Chrome  (introduced in 2008) is gradually eatin...

After a big round of speculations and several months of delay, Microsoft has made its new social network called Microsoft So.cl available to users. Designed by Microsoft's FUSE Labs, Microsoft’s...

Seems, sharp depreciation of the rupee against dollar in recent times is forcing most policy makers and economists to take it as a huge negative effect for the country.
According to the National...

According to a latest update, the tech giant Yahoo Inc. has agreed to sell half of its 40 percent stake in Chinese e-commerce group Alibaba. If reports are to be believed, the deal is likely to finali...

In recent times cyber security has taken a centre stage all over the world as networks all over the world are interconnected through Internet. Acknowledging the significance of cyber security, India i...

According to a latest report, Yahoo India has appointed Anindo Roy as Vice President of Yahoo! India Research & Development’s Solutions. 
Sources informed, Anindo will now drive th...

After all the hype, the social networking giant Facebook has finally opened its shares for initial public offering (IPO). According to latest report, Facebook’s first day as a public company has...

Acknowledging the increasing IT usage by small and medium businesses (SMBs), the tech giant Netgear is reportedly focusing more on Indian SMBs for its business expansion. According to latest chunk of...

In a move to provide superior education to Indian students with collaborative learning tools, some schools including Delhi Public School, American School of Bombay, KR Mangalam have adopted Microsoft...

In order to reduce costs and help the company contend with reducing demand for computers and services, Hewlett-Packard is mulling to cut as many as 25,000 jobs. It is reportedly said that 25,000 jobs...
Top
Tags

Information provided on this page has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions.ITVoir.com, and its affiliates, information providers or content providers, shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this page, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information.
ITVoir.com,its affiliates, information providers and content providers shall have no liability for investment decisions or other actions taken or made by you based on the information provided.

Computer Vendors In India 
Computer Vendors In India - Delhi [Delhi]
Computer Vendors In India - Chandigarh [Punjab]
Computer Vendors In India - Mumbai [Maharashtra]
Computer Vendors In India - Banglore [Karnataka]
Computer Vendors In India - Agra[Uttar Pradesh]
Computer Vendors In India -Chennai[Tamil Nadu]
Computer Vendors In India - Kolkatta [West Bengal]
Computer Vendors In India - Kochi [Kerela]
Computer Vendors In India - Nagpur [Maharashtra]
Computer Vendors In India - Gurgaon[Haryana]

 
 



 


 
Mr. M A Mannan shares his views, "Corsair still has a long..

Mr. M A Mannan

Country Manager , Corsair Memory India

Mr. M A Mannan shares his views, "Cors..

 

Mr Sunil Chandna

CEO

Stellar Data Recovery
 



 

Is Indian IT on the road to beat recessionary impacts?

  • Yes
    [78.26%]
  • No
    [18.84%]
  • Can't say
    [2.9%]