Yahoo recently bought PlayerScale, a startup that powers games played on smartphones, tablets, consoles or personal computers. Since former Google executive Mayer became chief at Yahoo, the company has racked up a series of acquisitions including startups Alike, Stamped, and a Summly application built by a British teen. Yahoo last month bought startup GhostBird Software, which makes picture-taking applications for iPhones, to enhance its Flickr photo service. Yahoo has been snapping up companies since Mayer took the helm in July of last year and vowed to revive the company, which has faded in the face of competition from Google. Yahoo in June completed a billion-dollar deal taking over the popular blogging platform Tumblr, a move aimed at bringing more youthful users into the company's orbit. The Qwiki buy announcement came a day after Yahoo put out word that it bought Bignoggins Productions, a one-person operation specializing in fantasy sports applications for iPhones. Yahoo promised to continue to support the Qwiki app after the startup's team becomes part of its office in New York City. "The Qwiki app automatically turns pictures and videos that you already have on your iPhone into quick, beautiful movies to share, including transitions and a soundtrack." "Have you ever listened to an old song and all of a sudden a favorite vacation, concert, or summer memory pops into your mind?" Yahoo asked rhetorically in a blog post announcing the acquisition. Yahoo did not reveal how much it paid for Qwiki, the New York operation behind an application that converts video and pictures on iPhones into sharable movie clips complete with music soundtracks. in Finance and Economics from Babson College.Yahoo on Tuesday announced it has bought a startup behind a smartphone movie application, extending a shopping spree launched after Marissa Mayer became chief of the Internet pioneer a year ago. Albert started his career in 2001 at Lehman Brothers in New York, where he was a software engineer in the analytics group within private client services.Īlbert has a B.A. Prior to StyleCaster, Albert co-founded Sub Rosa, a brand strategy and design agency based in New York. StyleCaster was purchased by Great Hill Partners and rolled into SheKnows Media, and subsequently acquired by Penske Media Corporation. Prior to Velos, Albert founded StyleCaster Media Group, a premier style destination that delivers a daily forecast of need-to-know fashion, beauty, entertainment, and lifestyle intel for millions of consumers on web and mobile. Previously, Albert sold his company, Velos, to AOL/Verizon in 2015. His direct investments include several exits, such as: Qwiki (acquired by Yahoo!), Uber (NYSE: UBER), Bina Technologies (acquired by Roche), and DeepScale (acquired by Tesla). Out of his family office, Patagonia Capital, Albert has made several direct investments, including unicorns such as Hippo Insurance and Oak North. Prior to Cota, Albert served as a Senior Product Manager for data science and ad optimization at AOL. Albert advises on private portfolio investments with a specific focus on infrastructure, workflow automation, software developer life cycle, and big data/analytics. Albert Azout is a Venture Partner at Cota Capital.
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