Friday, July 25, 2014

Apple reportedly acquired BookLamp startup for $10-15 million earlier this year

6:09 PM

AAPL Company

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Apple acquired a company called BookLamp earlier this year for somewhere between $10-15 million, according to information uncovered by TechCrunch.


The Idaho-based startup created what was referred to as “Pandora for books,” including a system known as the Book Genome Project that could recommend books based on analysis of the text and previous ratings of other books by users (very similar to Pandora’s Music Genome Project, which does the same thing for musical analysis).


According to TechCrunch, several of BookLamp’s employees have moved to California since the startup announced that it was shutting down in April. It seems that at that time, both Apple and Amazon were expressing interest in acquiring the company. Amazon eventually backed off and bought GoodReads instead, leaving BookLamp for Apple.


While BookLamp still has its Idaho office, it has since opened a new Cupertino office, though TechCrunch’s sources claim that no employees actually work in either building. Instead, all of the employees are now at Apple, likely working on an improved search or recommendation engine for Apple’s own iBooks service.


Neither Apple nor BookLamp has commented on the acquisition, though as we all know by now, “Apple buys smaller technology companies from time to time and generally does not discuss their purpose or plans.”




9to5Mac » AAPL Company http://ift.tt/WStjr7

via Gsm Apple reportedly acquired BookLamp startup for $10-15 million earlier this year

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