Though the terms of the deal are not disclosed, but according to AllThingsD deal is reported to be between USD 30 to USD 40 million. But according to Techcrunch, deal is closed in somewhat USD 60 million.
“It’s a big day here at Xobni. We’ve been acquired by Yahoo! At this moment, we’re unpacking our boxes from San Francisco and settling in to the new Sunnyvale space at Yahoo! HQ,” states the blogpost. “Did you ever meet someone who truly “gets” you? That’s how we feel about Yahoo!. The power within every Xobni product is that it responds to how you communicate. Yahoo! gets that, and they want us to use our platform to make many Yahoo! services better for you.”
Xobni provides software to improve the functionality of email to make searching of contacts (either in your list of not) easier. Its products like Smartr Inbox and Smartr Contacts allows users to search for everyone with whom they have exchanged emails, texts or calls.
This looks like Yahoo’s better answer for single sign in of Google, well maybe.
After this acquisition, Xobni products can still be used for now, and soon users will be able to use Yahoo! products with Xobni goodness.
Xobni will no longer accept new purchases of premium products which include Xobni Pro, Xobni Enterprise, Xobni for Teams, the Xobni Salesforce Gadget and the Xobni JIRA Gadget. Smartr Contacts for Android and Xobni for BlackBerry are no longer available as downloads from Xobni. Users who have downloaded this software in the past can expect it to function as-is through July 2nd, 2014. But the Android application which is available for now, will be taken down within the day.
Launched in 2008, Xobni had received its initial round of funding from Y Combinator in 2006. According to Crunchbase, uptil now the company has raised almost USD 42 Mn, other investors include First Round Capital, Baseline Ventures and Khosla Ventures.Category Internet Investments News