Investments, News

Twitter acquires Spindle, a social discovery startup

Twitter on Wednesday has acquired Spindle – a mobile based app which provides local search and help users know what’s happening nearby. However, the terms of acquisition haven’t been disclosed.

“We’re very proud to announce that Spindle has been acquired by Twitter… Every time we’ve experimented and looked beyond local discovery, we’ve been amazed by the breadth and quality of content shared on Twitter. By joining forces with Twitter, we can do so much more to help you find interesting, timely, and useful information about what’s happening around you.” the company wrote in a blog post.

The company has also announced that they will no longer be working on Spindle and will instead help Twitter in its operations. The team of Spindle will now relocate to join Twitter team in its headquarter, in San Francisco.

With its social network integration, Spindle acts as a local search engine. Using time and location provided by a user, and data from social networks like Facebook and Twitter, Spindle provides information as per a user’s request like finding a bar/Gas Station nearby, local cab provider’s number etc.

Without disclosing much, both the companies has kept it more of a secret that what the team will be doing next. However, Twitter can use their experience and develop a localized search service that attempts to find most relevant tweets nearby and help people discover local businesses and other things/services of their interest.

Founded in 2010 by a bunch of former Facebook and Microsoft employees, the Boston based startup, Spindle earlier raised $2.3 million in funding from a number of investors.

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