Google Acquires Waze for $1.3 Billion
June 11, 2013 1:56 PM
comment(s) - last by
Google plans to integrate Waze's traffic reports into Google Maps
Google announced today that it has
finally acquired Waze
for over $1 billion.
Developed by Israeli start-up Waze Mobile, Waze is a free social GPS app that has turn-by-turn navigation to help drivers avoid traffic. It's also a community-driven application that draws information from drivers ahead of you, and even learns from users' driving times to provide routing and real-time traffic updates.
Google has now acquired Waze for $1.3 billion and plans to integrate its traffic reports into Google Maps. Google will also allow Waze to use its search capabilities.
"The Waze community and its dedicated team have created a great source of timely road corrections and updates," said Brian McClendon, Vice President of Google's geo-products. "We welcome them to Google and look forward to working with them in our ongoing effort to make a comprehensive, accurate and useful map of the world."
Waze, which is 4-years-old, currently has 47 million users and managed to raise $67 million in funding from companies like Kleiner Perkins Caufield & Byers and Qualcomm Inc.
Just last month, a potential deal between Waze and social networking giant Facebook crumbled when Waze was unwilling to move its engineering team from Israel to the U.S.
Waze CEO Noam Bardin and a small number of Waze employees now operate out of the U.S. headquarters in Palo Alto, California. About 90 other employees stayed in Israel.
Google Official Blog
This article is over a month old, voting and posting comments is disabled
6/11/2013 3:38:43 PM
I remember trying Waze on my G1 three years ago. I thought it was garbage and going nowhere.
Man was I wrong. This is why I'm not a billionaire.
"Can anyone tell me what MobileMe is supposed to do?... So why the f*** doesn't it do that?" -- Steve Jobs
Report: Google to Drop $1.3B for Waze Navigation Software
June 10, 2013, 7:43 AM
Microsoft Axes 1,500 Misleading Windows Apps, Crackdown Ongoing
August 28, 2014, 11:56 AM
Dropbox Bows to Competitive Pressure, Provides 1TB of Storage for $10/Month
August 27, 2014, 11:17 AM
Microsoft: Roughly 25,000 Win8.x Users See Blue Screens After Botched Patch
August 25, 2014, 12:50 AM
Report: Microsoft to Announce Windows 9 on September 30
August 21, 2014, 11:20 AM
HP Just Can’t Quit Windows 7; Offers Customers $170 Discounts on Windows 7 Laptops
August 21, 2014, 8:40 AM
Microsoft Wants Windows 8.1 Inside Children's Toys, Appliances
August 20, 2014, 3:20 PM
Most Popular Articles
Microsoft's Surface 2 Tablet Family Gets a $100 Price Cut
August 25, 2014, 1:16 AM
Owner of "Decepticon" Maserati Ordered to Appear in Court This Thursday
August 25, 2014, 7:55 AM
From HULC to FORTIS: the Evolution of Lockheed Martin's Incredible Exosuit
August 22, 2014, 12:45 PM
SpaceX Falcon 9-R Rocket Suffers Malfunction, Self-Destructs During Test Flight
August 23, 2014, 9:36 AM
LG Posts Teaser Video of Its “Round Face” G Watch R Smartwatch, Set for IFA Lauch
August 24, 2014, 2:49 PM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information