Evri Acquires Radar Networks In Semantic Search Consolidation
10 Comments
Share6
Buzz it
by
Erick Schonfeld
on
Mar 11, 2010
After shopping itself around to all the major search engines, Radar Networks finally found a buyer in another semantic search startup. Today, Evri is announcing that it will be acquiring Radar Networks, along with its core technical team and its main product, Twine. Rumors surfaced yesterday on ReadWriteWeb that Evri was being acquired, but that is not the case. Evri is the acquirer.
I spoke with both CEOs this morning. They would not disclose the terms of the deal, but it is safe to assume that it was largely an equity-based transaction. Both Evri and Radar Networks share Paul Allen’s Vulcan Capital as their largest shareholder. Radar has raised $24 million in total capital, while Evri has raised $8 million. (At least that is what has been publicly disclosed. Paul Allen has poured much more money into Evri almost single-handedly, perhaps even more than Radar raised). Radar was unable to raise more during the recession and kept pushing out the release of its next product, T2, an ambitious project to create a semantic index of the Web. Using this semantic index, T2 can do a better job understanding what each Web page it indexes is about.
and look--a bookmarklet. Now where have we seen THAT before?
Lists can have sections: once you've created a list, you can organize it, ie move items up and down just as with Diigo lists, but you can also create sections and then move items to those sections. Now can you have subsections? Apparently not. Well, one level of subsections may be good enough after all.
