The Flat Planet and a Phone !

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Google buys iotum for $520m

April 1st, 2007 · 2 Comments

I know that OmGiga and Mike will be covering this only tomorrow, due to the embargo, but as an independent I don’t have to pay attention to that hogwash. So here is the story –After almost 3 months of negotiations Google has agreed to buy iotum in an all cash deal of $520m. Last night I was able to reach Alec Saunders, CEO of iotum for a quick comment (Alec was busy watching a hockey game) ” I told Howard from the beginning that we were on to something big, but this is really big! Speak to me again after the hockey game and I will give you some more insight” was all I could get from a very happy Alec.

Sergey Grin of Google was ecstatic about the new purchase and explained to me why he was so enthusiastic - “iotum is the missing piece in our puzzle. Until now Google stored everything that was worth knowing about you in our massive GoogleStor. This info was used to send you the most relevant advertising, NOW we will also know, thanks to iotum where and what you are doing at any given time which will make our advertising much more relevant.

Although it is a Sunday, I was able to pick up a few comments -

Jon Arnold - I have been following iotum for a few years, so expect to see a podcast on the subject

Andy Abramson - Pal and Client Alec is the best!

Ken Camp - Never heard of them so they never excited me, but I wish him the best!

Phil Wolf - I still believe that Alec should have hold out for a better price from Ebay. great synergy there.

Om Malik - Definitely the largest Voice 2.0 deal of the decade, if not the century

Well, thats all for now. It is April 1st today!

Jeff Pulver sent me the following comment - A problem with April Fools stories in the blogosphere is it that they appear on the net forever. Some people will lose the context and will believe they are real.

Tags: General

2 responses so far ↓

  • 1 Live and Beyond » Blog Archive » Google buys iotum for $520m? // Apr 1, 2007 at 2:58 pm

    [...] to ‘The Flat Panel and a Phone‘, Google bought iotum for half a billion [...]

  • 2 The Flat Planet and a Phone ! » Iotum is cool! // Apr 21, 2007 at 2:10 pm

    [...] Recent Comments See This 1996 iPhone Ad: Not Cisco’s OR Apple’s | Apple iPhone Review on An iPhone ad from 1996A Russell Shaw Exclusive - on the Verizon patent claims | voip.thephonedog.com on A Russell Shaw Exclusive - on the Verizon patent claimsGoogle Phone Blog » Google Phone to be launched 4Q 2007 on Google Phone to be launched 4Q 2007Realtime Community | Unified Communications on Vonage offer is overLive and Beyond » Blog Archive » Google buys iotum for $520m? on Google buys iotum for $520m [...]

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