Amazon.com, Inc. (NASDAQ:AMZN) has stealthily acquired Internet of Things platform developer 2lemetry.
In an emailed statement to Computerworld on Friday, an Amazon.com, Inc. (NASDAQ:AMZN) spokeswoman confirmed the acquisition.
“We can confirm that Amazon has acquired 2lemetry, and we look forward to continuing to support 2lemetry customers,” the publication quotes the spokeswoman writing.
Nonetheless, it’s still not known how much Amazon.com, Inc. (NASDAQ:AMZN) paid for 2lemetry or if there were any other conditions agreed upon by both parties in the acquisition.
However, Computerworld notes that the Internet of Things platform developer has tried to calm its uneasy customers by saying on their website that they would not be changing their service and that they will still be using their brand and existing name going forward.
Amazon.com, Inc. (NASDAQ:AMZN) has a reputation of acquiring companies and retaining their current leadership team to run the firms as independent business units. In fact, that’s what Emmett Shear, Twitch Interactive co-founder and CEO, gave as the reason why he and his team chose Jeff Bezos and Co. over Google Inc (NASDAQ:GOOGL) when Twitch was acquired by the internet commerce giant last year for nearly $1 billion in cash.
2lemetry raised $4 million in funding this year from investors including salesforce.com, inc. (NYSE:CRM)’s Saleforce Ventures. Total funding for the firm is at $9 million, according to data from TechCrunch.
Shareholders of Amazon.com, Inc. (NASDAQ:AMZN) includes David Gallo’s Valinor Management LLC which owned 268,130 shares of the electronic commerce juggernaut by the end of 2014. The stake which made up 2.12% of Valinor Management’s whole portfolio increased 32% quarter over quarter.
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