All the latest UK technology news, reviews and analysis

Yahoo acquires mobile start-up Stamped

25 Oct 2012

Yahoo's new chief executive Marissa Mayer has made her first acquisition as head of the storied internet firm.

The acquisition of New York based start-up Stamped marks a major move for Yahoo but is in line with Mayer's recent call to move the company back to its core technologies. 

"Today, we're thrilled to announce that we've acquired a very talented team based in New York City to help us create a new centre of mobile product development for Yahoo. Robby, Kevin, Paul, Bart and the entire Stamped team are a natural fit for us," said Yahoo senior vice president of emerging products and technology Adam Cahan.

"Their experience building fun, useful, personalised mobile products aligns well with Yahoo's vision to create the best everyday mobile experience for our users. They will be a great asset as we expand Yahoo's mobile efforts and build a world-class mobile development organisation."

Stamped is a nine-person start-up with its main claim to fame a mobile app which lets users recommend restaurants, books, and music by "stamping" them with their seal of approval.

With the acquisition Stamped plans to shut down its operations by the end of the year. The company will now be responsible for creating a new mobile app and New York-based engineering office for Yahoo.

"As for our team's next step, we couldn't be more thrilled to join Yahoo. As a team of mostly former Googlers, we've all worked with and are big fans of [Mayers]. So when an opportunity arose to become a part of the team at Yahoo, we jumped," said Stamped founders in a letter to company supporters.

"As entrepreneurs, it's never easy to walk away from something you built from the ground up, but the folks we met with at Yahoo are simply top-notch and we're thrilled to be joining them."

The acquisition comes following a recent Yahoo investors call in which Mayer said she planned to build a stronger mobile foundation for Yahoo.

  • Comment  
  • Tweet  
  • Google plus  
  • Facebook  
  • LinkedIn  
  • Stumble Upon  
James Dohnert

James is a freelance writer and editor. In addition to ClickZ, his work has appeared in publications like V3, The Commonwealth Club,, and Shonen Jump magazine. He studied Journalism at Weber State University.

More on Mergers
What do you think?
blog comments powered by Disqus

IT curriculum poll

With coding now compulsory in schools, how important are digital skills for the next generation of school leavers?

Popular Threads

Powered by Disqus
V3 Security Summit

V3 Security Summit Day 2: Botnet, skills and BYOD intelligence incoming

Keep V3 bookmarked for news updates on all the key security concerns and topics facing businesses

Updating your subscription status Loading

Get the latest news (daily or weekly) direct to your inbox with V3 newsletters.

newsletter sign-up button

Getting started with virtualisation

Virtualisation can help you reduce costs, improve application availability, and simplify IT
management. However, getting started can be challenging


Converting big data and analytics insights into results

Successful leaders are infusing analytics throughout their organisations to drive smarter decisions, enable faster actions and optimise outcomes

Senior Architect (Siebel CRM)

Our client is seeking a Siebel Architect to join their...

Business Analyst - Banking and Finance

Our client is seeking a Business Analyst to join their...

Software Engineer - UML, OO, C programming, Unix -6 months, Hampshire

We are urgently seeking SC Cleared and those willing...

.Net Consultant Architect

Our successful client is seeking an experienced .Net...
To send to more than one email address, simply separate each address with a comma.