"We're excited to be extending our accessibility through the acquisition of DataMarketplace.com. This acquisition was strategic in nature, aligning with our overarching strategy to be the destination on the web for data and data services."
Austin, TX (PRWEB) December 14, 2010
Infochimps, a marketplace to buy, sell and share any list, spreadsheet or dataset in the world, today announced the acquisition of Data Marketplace, a Y Combinator-incubated startup that helps people find, buy and sell data online. With the acquisition, Infochimps is absorbing Data Marketplace’s domain, brand, datasets and technology platform into Infochimps’ holdings, and while the purchase price was not disclosed, it has been reported as an all-cash transaction.
"We're excited to be extending our accessibility through the acquisition of DataMarketplace.com,” said Nick Ducoff, Co-Founder and CEO of Infochimps. “Our acquisition was strategic in nature, aligning with our overarching strategy to be the destination on the web for data and data services.”
Following this acquisition, Infochimps is now the world's largest open marketplace for data with over 10,000 free and paid datasets available for download. With over 600 API users and the top 20 datasets being downloaded over 30,000 times, Infochimps has built a sizable community through organic growth and strategic initiatives.
"I am happy to be putting our work in the hands of the talented team at Infochimps, which has built the world's largest open marketplace for data”, said Steve DeWald, Co-Founder and CTO of Data Marketplace.
Currently, Infochimps is indexing datasets from around the web. The acquisition will help surface this information more broadly while connecting the world’s data and making it findable.
Data is one of the most valuable, decision-making assets in the world today. The need for a single, pervasive marketplace to buy and sell data is greater than ever, given the growing amount of data available and the need to make it more easily accessible.
Using Infochimps, anyone from developers, marketers and advertisers can access data easily from a single destination, in the format that best suits their purpose at a variety of price points.
Currently, all available datasets on DataMarketplace.com will soon be available through Infochimps.com, while continuing to live on DataMarketplace.com. Customers can continue to browse and purchase data, and Infochimps will ensure that all users receive royalties from sales of their data.
Infochimps is committed to maintaining the DataMarketplace.com community. For more information on any changes occurring as a result of this acquisition, please visit us here or contact us at info(at)infochimps(dot)com.
Infochimps is a venture-backed Austin startup with the mission to democratize the world's access to structured data. Initially the brainchild of two graduate physics students at the University of Texas, Infochimps is indexing and connecting the world’s data and making it searchable. Our technology allows us to host and distribute that data from a single destination in a variety of formats and at a variety of price points, with a focus on making lists, spreadsheets and datasets easy to find and consume.
Infochimps recently secured $1.2 million in funding from Houston-based DFJ Mercury in a Series A round of venture capital financing in November 2010.
For more information, visit us at: http://www.infochimps.com.
About Data Marketplace:
Data Marketplace helps people find, buy and sell data online. Originally founded by two former investment bank analysts, Data Marketplace helps individuals find quality data on the web. Data Marketplace is funded by Y Combinator.
For more information, visit: http://www.datamarketplace.com.