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All Press Releases for April 14, 2008 Subscribe to this News Feed    
 

AOL Acquires Sphere

NEW YORK (Business Wire EON/PRWEB ) April 14, 2008 -- AOL today announced that it has acquired Sphere Source, Inc., a leading provider of contextual-search tools which offers related content to publishers. Sphere will operate as a wholly owned subsidiary of AOL as part of the companys Programming division, which is led by Executive Vice President Bill Wilson.

Founded in 2005 and based in San Francisco, Sphere uses its contextual-search platform technology to make connections between content from blogs, video, media, photos and advertisements. These contextual results are then displayed in a pop-over window or an integrated widget that lets publishers enhance articles by incorporating related articles and blog posts from archived content and across the Web.

News Image Prior to the acquisition, AOL partnered with Sphere to offer its widget technology on AOL News, http://news.aol.com, and the myAOL service, Mgnet, http://mgnet.aol.com. Spheres third-party network includes more than 50,000 content publishers and blogs and is live on an average of more than 2 billion article pages across the web every month1.

Our focus at AOL is providing consumers relevant content wherever they are on the Web, and Spheres capabilities fit in perfectly with this effort. Not only will it let us enhance content on our own sites, it will let us distribute our content across Spheres growing third-party publisher network, said Ron Grant, President and COO of AOL. In addition, this acquisition provides AOL with access to advertising inventory across Spheres network, while growing its reach to content publishers via the widget.

"We are delighted to be joining AOL, said Tony Conrad, CEO of Sphere. AOLs vast properties and platforms offer us the opportunity to reach publishing and news environments across the Web.

Sphere was founded by Tony Conrad, Martin Remy, Steve Nieker and Toni Schneider. Financial terms of the deal were not disclosed.

About Sphere Source, Inc.

Founded in 2005 and based in San Francisco, Sphere is focused on providing products that connect mainstream and conversational media content. Spheres contextual-search platform technology connects online content from blogs, video, media, photos and advertisements. More information can be found at www.sphere.com.

About AOL

AOL® is a global Web services company that operates some of the most popular Web destinations, offers a comprehensive suite of free software and services, runs one of the largest Internet access businesses in the U.S., and provides a full set of advertising solutions. A majority-owned subsidiary of Time Warner Inc., AOL LLC and its subsidiaries have operations in the U.S., Europe, Canada and Asia. Learn more at AOL.com.

1 Source: internal Sphere data

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http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5657840

See the original story at: http://eon.businesswire.com/releases/sphere/content/prweb860044.htm

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CONTACT INFORMATION

AOL
Susan Timcheck, 703-265-6550
Susan.Timcheck@corp.aol.com

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