izify turns your social media data into interactive infographics, videos, and more. The company has been going to a significant growth in the past years, and last month announced that they were acquired by Yahoo. The specifics of the deal are not exactly known right now.
Techcrunch.com reported, Vizify, a company founded in 2011, had raised $1.46 million in its life. Given that its last round of funding came in 2012, the timing of the exit-ish makes sense. The company would likely have needed to either raise more money, or find a new home. Yahoo has very welcome arms these days.
Yahoo will shut down what the company built. The company will issue refunds to paying users. It is also not accepting more new user signups. Vizify is essentially no more.
The price of of the acquisition was not made known, though we are looking into the matter. Given the size of the company in question, its past funding, and its likely product traction, this was a small deal for Yahoo.
Here is the announcement that Vizify released on the website
We've been acquired by Yahoo!
We started Vizify in 2011 with the vision of transforming the information that we all consume and create every day into something more beautiful and personal. We were awed and grateful to see this vision taken up by so many of you as you built and shared our graphical bios, infographic cards, and videos.
Since last summer, we’ve been engaged in a conversation with some of the incredible folks at Yahoo about the ways this more visual approach to data can inspire and entertain. As our conversations progressed, we realized we’d found a partner who shared our passion for user experience, design, and visualizing information. Ultimately, we just couldn’t say no to the opportunity to bring our vision to the hundreds of millions of people who use Yahoo every day.
As part of the transition to Yahoo, we will be sunsetting the Vizify service (read below for more detail). As for what’s next, we can’t talk specifics just yet, but we’re excited to bring a more visual approach to data at Yahoo. We have a lot more up our sleeves and can’t wait to get started.
What does this mean for me?As part of our transition to Yahoo, we’ll no longer be allowing new signups or purchases of paid plans.
For existing Vizify bioholders and accounts, we’ll be sunsetting the Vizify service. To make the transition process easier on you, we’re taking a few extra steps:
Existing users will receive an email with more details in the coming weeks, or see our FAQ.
A Few Last Words of ThanksAt Vizify, our team had the extraordinary good fortune to receive advice, support, financing, and help from so many people – all of whom deserve our most heartfelt thanks:
For those who opt-in to archive a snapshot of their bio, the Terms of Service will continue to apply until September 4, 2014. For those who do not opt-in, the Terms of Service will continue to apply until April 7, 2014. In both cases, the Terms of Service will terminate and all licenses granted to you will be revoked on the specified date.
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