Yet Another Acquisition to be noted ….

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In the current market , we  get to see an Acquisition or a Merger  everyday.  But we are more interested in the Start-up acquisitions by the Very Big or better say the Market Leading Companies….

On March 25th such an acquisition had happened , although the market is still not aware of this well , I get the story for you….

summlyIn December 2011 , Nick created an iPhone app to summarise articles in 300-400 characters, ideal for the smartphone-user wondering what he should bother reading.  And the remarkable note is that he was just 15 then . Summly was introduced into the market as a tech summarization prototype that garnered significant interest worldwide.

Although it was him , who started this had the support of many other people going forward , which made the application so stable now.

After he introduced the app , the Horizon’s Ventures backed him for the same. With the help of many Natural Processing and Artificial Intelligence Experts around the world they have been able to develop an excellent technology , resulting in the new Summly Mobile App.

It was all running calm and quiet and all of a sudden the news has come about the acquisition of Summly by the very famous Yahoo ! .

On 25th March , Yahoo being a company with annual revenue of around $5 billion purchased the British Startup Summly which has no Annual revenue according to the reports. And the sum offered to the Summly was a whopping $30Million …!!!

The most important point which comes as an inspiration for us  is, the founder of Summly , Nick , is only 17 yet . (He will be sitting for his exams this summer like all the teenagers).

And now , the moral of the story guys , is not that we should start a Startup expecting an acquisition or a merger with hell lot of money . Although  such opportunities are welcome , if your idea is unique and creative enough Your startup will anyways become a hit in the market . Who knows you might some time compete with the bigger companies …. Always think Big .

 

AJ

https://www.facebook.com/aashishjagini

http://www.aashuz.blogspot.in

http://www.ajexpresses.blogspot.in

 

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