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 8:28:10 PM
It will most likely end up being integrated into google maps and utilize google+
"There is a single light of science, and to brighten it anywhere is to brighten it everywhere." -- Isaac Asimov
Report: Google to Drop $1.3B for Waze Navigation Software
June 10, 2013, 7:43 AM
Windows "Threshold" to Cater to Both Desktop, Mobile
June 30, 2014, 8:36 PM
Nintendo's Top Designer: We're Looking to Unify Mobile, Console Games
June 24, 2014, 11:48 AM
Microsoft Boosts Free OneDrive Storage to 15GB, Office 365 Users to Get 1TB
June 23, 2014, 12:06 PM
Google Wants Your Daughter to Grow up to be a Coder
June 20, 2014, 12:26 PM
Report: Windows Phone 8.1 Update 1, Windows 8.1 Update 2 Near Release
June 19, 2014, 8:00 PM
BlackBerry 10 Devices to Gain Access to Amazon’s Appstore This Fall
June 18, 2014, 10:11 AM
Most Popular Articles
Silver-Doped Superconductor Stores 550,000+ Times Earth's Magnetic Field
July 3, 2014, 8:48 AM
Despite Legal Threats Google Begins Posting Warnings of ISP Throttling
July 7, 2014, 5:52 PM
Leaked Photos Show New Lumia 830 Smartphone With Aluminum Frame
July 3, 2014, 11:31 AM
Google Steps up Moral Censorship, Hogties All Ads With Sexual Content
July 4, 2014, 2:00 PM
Apple's iPhone, iPad Update iOS 7.1.2 is Badly Broken for Some
July 8, 2014, 2:00 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