Tuesday 21 January 2014

After FB, Google buys startup with Indian link

After FB, Google buys startup with Indian link


 After Facebook's acquisition of Bangalore-based Little Eye Labs earlier this month, it's Google that has now bought a three-year-old startup that had two Indians — Vish Ramarao and Naveen Jamal — as co-founders and offices in Bangalore and California. The startup, Impermium, had a third co-founder Mark Risher.

Jamal was based in Bangalore and looked after the office here, while Ramarao and Risher were based in California. All three had previously worked together in Yahoo and came out of it in 2010 to found Impermium. The startup focused on building security products for websites.

Impermium's website now has just a note from Risher, who was the CEO, with the headline 'Impermium is joining Google'. It goes on to say: "By joining Google, our team will merge with some of the best abuse fighters in the world. With our combined talents we'll be able to further our mission and help make the internet a safer place. We're excited about the possibilities."

Impermium had received $9 million in funding from a host of venture firms including Accel Partners, AOL Ventures, Charles River Ventures and Highland Capital Partners. Google has not disclosed the terms of its deal with Impermium.

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