Twitter Finally Confirms Its Acquisition Of Summize
Today, Twitter finally confirmed its acquisition of Summize. The acquisition of Summize by Twitter has been widely speculated since the leak alst week. Twitter co-founder Biz Stone confirmed the buyout on his blog. Summize is a popular service for searching Twitter and keeping up with emerging trends in real-time. Like Twitter, Summize offers an API so other products and services can filter the constant queue of updates in a variety of ways.
The acquisition price has not been been revealed, but it is rumored to be in the $15 million range for Summize. Summize currently consists of 5 full-time engineers.
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