CEO Marissa Mayer continues her revamp of company
Yahoo has acquired San Francisco-based video chat start-up company OnTheAir for an undisclosed sum. The move will help it compete with the likes of Skype and Google+ Hangouts as CEO Marissa Mayer continues her revamp of the technology giant.
The acquisition of OnTheAir is expected to help Yahoo develop and offer video chat apps for smartphones and tablets.
OnTheAir said in a statement that the company will be a good fit with Yahoo because of its focus on mobile, which is something Mayer has admitted Yahoo struggles with.
"When we first met the team at Yahoo, it was clear that everybody there is committed to making mobile products the backbone for the world's daily habits. All in all, it's a fascinating time to be joining Yahoo," the statement said.
Yahoo's latest deal follows last month's acquisition of mobile app Stamped, which the company reportedly acquired for $10m. Founded in 2011, Stamped offers a mobile app and website that allows users to share their recommendations with fellow users about restaurants, music, books and other things.
CommentsPost a comment
Comments may be moderated for spam, obscenities or defamation.
GET CBR'S DAILY MORNING UPDATE
Unable to register now
Trending on CBR
This paper examines the ways in which organisations can tap into Web 2.0 interaction as part of the marketing strategy and tactics to create...
Data Quality Essentials: A Project Manager's Guide to Data Quality
This paper is aimed at project managers and describes the step-by-step process for implementing data quality as part of a project. While...
University of Miami Upgrades Broadcast TV Infrastructure
As part of a complete broadcast studio renovation project, the University of Miami turned to Professional Communications Systems (PCS), a broadcast...
Storage Economics: Four Principles for Reducing Total Cost of Ownership
Difficult economic times require new perspectives and strategies for reducing the cost of storage infrastructure. The past several years of IT...
Webroot - Security Solutions
Webroot provides industry leading security solutions for consumers, enterprises and small and medium businesses worldwide.
Qualys - IT security risk and compliance solutions
Qualys is the leading provider of on demand IT security risk and compliance solutions - delivered as a service. Qualys solutions enable...
Absolute Software - Security Solutions for Mobile Computers and Smartphones
Absolute® Software specialises in technology and services for the management and security of mobile computers and smartphones.
Teneo - Infrastructure Management, Performance and Virtualization Services
Teneo is an infrastructure optimization company, providing solutions that help customers with the management, performance and virtualization of...