Our portfolio company Twitter announced today that it has acquired a company called Summize.
We have known the Summize team and have followed their progress for the past year. Summize has developed a real time search engine for conversational media (i.e. blogs, twitter) and more recently has focused exclusively on Twitter search.
We are excited about the combination and believe that is an excellent pairing of teams and technology that will benefit the shareholders of both companies.
We have been eager to work with the Summize team and their investors and will now have the opportunity to do so through our investment in Twitter.