Believe it or not, but the process of buying new companies and adding into its own ecosystem is what the new love for Yahoo these days. Yesterday only Yahoo acquired AdMovate and today news rounded up that the digital media company made another acquisition and this time its Beijing-based social analytics startup Ztelic to bolster its R&D team. The deal was first reported by Global Times stated that Zeltic founder Hao Zheng itself was a Yahoo veteran and has formerly served the company as a senior web architect. The deal terms are not known as usual.
Here is Ztelic Technology said in a statement posted Thursday on its website:
We are very excited to announce Insight Technology has been acquired by Yahoo
Over the past year Insight team through the Internet users on social networking platforms and tracks left by the site dig for enterprise and individual users to create a full range of information aggregation and personality development. This is a small start-up businesses like ours for some fun and excitement of the journey. Now is our time to move forward again. Yahoo, the next phase of our development team provides a perfect opportunity.
We will join the Yahoo world-class talent team, we look forward to as soon as possible in big data, personalization and mobile experience on the technology and experience to Yahoo’s products, taken in front of Yahoo’s 700 million users.
– Extension of our esteemed users, thank you for trying Insight platform. We hope that it will make your life more interesting. We will close and friendly Insight Enterprise Edition Extension application services. The inconvenience to you please understand.
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Photo Credit: Flickr/Kazuhisa OTSUBO