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By 10 May 2011 | Categories: news

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YouTube founders Chad Hurley and Steve Chen have announced that they have acquired Tap11.com, a real-time business intelligence platform for Facebook and Twitter. Tap11.com will now form part of their new internet company AVOS.
 
“We’re excited to join Chad and Steve to take Tap11 to the next level,” stated Adam Zbar, CEO of Tap11. “With over 1 billion users on the social web and no good tools to systematically archive and analyze this data, there is a massive loss of marketing intelligence.”
 
This is the entrepreneurial pair’s latest purchase, as AVOS also recently purchased Delicious.com, Yahoo’s bookmarking service, a couple of weeks back.
 
Hurley and Chen gained global recognition after founding YouTube, the world’s largest video site in 2005 and then selling it to Google 18 months later for $1.76 billion.
 
“Our vision is to create the world’s best platform for users to save, share, and discover new content,” said Hurley. “With the acquisition of Tap11, we will be able to provide consumer and enterprise users with powerful tools to publish and analyze their links’ impact in real-time.”
 
The financial terms of the deal were not disclosed.

TAGS: 
YouTubeAVOSSteve ChenChad HurleyTap11.commergers and acquisitions

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