Yahoo Inc purchased another Silicon Valley-based startup.
This time, it’s OnTheAir, a San Francisco-based company that has engineered an app that allows users to host online talk shows and features split-screen chat capability to help all of its participants connect with each other in real-time.
Though, there has been indications that Yahoo’s motive behind the buy was to absorb OnTheAir’s five-member team which boasts some high-level engineering talent. Yahoo has yet to disclose whether it will continue OnTheAir’s service, nor how much it has paid for it.
“When we first met with the team at Yahoo,” OnTheAir.com’s blog post says, “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 purchase of OnTheAir is intended to help Yahoo expand the company’s mobile offerings since the space is becoming ever so crucial in the future development of the company. The multinational internet corporation has also cited that it is targeting other smaller companies with an outstanding engineering and mobile computing specialist track record to help Yahoo in future undertakings.
In fact, the company acquired the mobile startup Stamped in early October. The firm has produced a new app which helps consumers share their favorite music and restaurants via mobile devices. It is also interesting to note that the company boasts a handful of employees who used to work for Yahoo’s staunch rival Google.
“Hiring the most talented mobile product thinkers and engineers is a big priority for us moving forward,” Adam Cahan said, Yahoo’s senior vice president of emerging products and technology.
Yahoo’s new CEO Marissa Mayer, who was lured away from Google, intended on making mobile technology her number one priority considering the rapid expansion of the market’s trend. In order to compete with its rivals, Mayer has expressed the value of mobile technology experts in the field of engineering and that she expects half of her engineering team to be made up of such jobs.
OnTheAir had raised as much as $880,000 in seed money before being acquired by Yahoo.