Tuesday, April 27, 2010

(TECH) Google Acquires Web Apps Developer LabPixies For $25 Million

"Google has acquired the developer of web applications LabPixies. This is the first time ever that Google buys an Israeli company. Google did not give any financial details of the deal, but Israeli financial news website TheMarker estimated that Google paid $25 million for LabPixies.

LabPixies is a provider of personalized gadget applications for iGoogle, Android and the iPhone. The widget apps range from handy tools such as calendars, news feeds and to-do lists to entertainment and games. LabPixies was one of the first developers to create gadgets for iGoogle, and Google and LabPixies teams have worked on many projects together including the launch of global OpenSocial based gadgets.

As part of the deal, the LabPixies team will be based in Google Tel Aviv office and will anchor the company's iGoogle efforts across Europe, the Middle East, and Africa.

LabPixies was founded in 2006 by Ran Ben-Yair (CEO), Oded Poncz (VP R&D), Udi Graff (Creative Director) and Nir Tzemah (VP Business Development). Prior to LabPixies, all the company founders worked at the Israeli branch of Samsung's Research and Development Center." (source)

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