Another week, another acquisition – Yahoo over the weekend has acquired an image recognition service IQ Engines. The acquisition lets the service have to close its sign-ups and to shut down its API in the next 30 days period. The deal terms has not been disclosed as always.
First reported by TechCrunch, the company masters in organizing photos and helping tags while now it’s believe that Yahoo will add its latest acquisition to bolster its Flickr team. The acquisition come just the Yahoo’s round of companies it recent acquired including Bignoggins, GoPollGo, Tumblr, Summly and Qwiki.
Would be interesting to see that in real whether the acquisition really helps Yahoo or not?
Here is what IQ Engines said about acquisition:
IQ Engines is joining Yahoo!
We are thrilled to announce that IQ Engines is joining the Flickr team at Yahoo!. As longtime Flickr fans and fellow photography enthusiasts, we look forward to working on improving photo organization and search for the community.
At IQ Engines, our dream has been to transform the way people search and browse their photos by helping to process them intelligently. We are excited to take things to a global level with one of the most widely used photo services in the world.
We want to thank you for your support and for all the creative ways you’ve put image recognition to use in your products. As of today we are no longer registering new customers. If you already have an account you may continue to use the API for 30 days.
All the best,
The IQ Engines Team
Photo Credit: Flickr/gaku