Critical.
Authoritative.
Strategic.
Subscribe to CIO Magazine »

Yahoo buys Indonesian mobile Internet company

Yahoo did not disclose how much it paid for Koprol.com, a company similar to Foursquare

Yahoo has bought Koprol.com, an Indonesian mobile location-based-services Web company similar to Foursquare in the U.S.

The purchase gives Yahoo an expert in location-based mobile services, including helping people find nearby local businesses complete with reviews, on their mobile phones, as well as seeing where friends are and what they're doing, and more. Prior to Tuesday's announcement, Yahoo had reportedly been seeking a deal for New York City-based Foursquare valued at over US$100 million.

Yahoo bought Koprol because people are increasingly using mobile devices to access the Internet, the company said in a statement. "This is especially true in many emerging markets where we are introducing the Yahoo brand to many new-to-Net users," said Rose Tsou, senior vice president of the Asia Region for Yahoo, in a statement. "Koprol was uniquely designed for mobile phones and within a year has already built a strong user base," she added.

Yahoo plans to introduce Koprol in new markets, but did not say when.

"For us, joining a company like Yahoo was an easy decision to make and will take Koprol to the next level. We are very excited," Koprol said on its blog, adding that Koprol is well suited for Indonesia and the emerging markets in general.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

More about: etwork, Rose, Yahoo
References show all

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the CIO comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: acquisition, indonesia, location based services, mobile, social networking, Yahoo
Latest Blog Posts
Whitepapers
  • Case Study: BNP Paribas Deploys Oracle Exadata to Accelerate Information Processing - The Hardware Perspective
    Datacenters are an aggregate of very heterogeneous elements interacting with each other and incurring a complex chain of dependencies, particularly around the point of contact between hardware and software. Against this backdrop, IDC is observing a great push from suppliers and end users alike toward a consumption model based on pre-integrated blocks of optimized hardware and software that IT departments need only to fine-tune, as opposed to build out of a collection of different components. Read on.
    Learn more »
  • Delivering Tomorrow's Backup and Recovery Infrastructure
    The data protection market has changed considerably over the past decade. During this time, the market witnessed a fundamental shift away from relying solely on tape for backup and recovery to using disk-based backup solutions to address challenges including backup performance, reliability, and recovery time objectives. This paper highlights that firms evaluating next-generation data protection solutions must expect a greater degree of integration between the technology components in today's data protection path.
    Learn more »
  • Revolutionizing Enterprise Storage Infrastructure with Enterprise Flash Technology
    Businesses increasingly rely on datacenters to provide access to services, applications, and data. As demand rises and applications grow in complexity, datacenter infrastructure must provide tremendous capacity and rapid access to information in order to keep pace with business priorities. Read on.
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Recent comments