by Christopher Freeburn | January 6, 2014 10:55 am
A Swiss app-maker has confirmed that it has been purchased by Google (GOOG).
Bitspin said its current alarm clock app for Android devices, Timely, would continue to function. Google did not reveal terms of the acquisition. The development team for Bitspin includes two former interns from Google+, ZDNet notes.
The Google Play app store is now offering Timely as a free app. Prior to the acquisition, Android users had to pay to install the app, which allows for customized alarm clock options.
GOOG stock climbed modestly in Monday morning trading. GOOG stock has surged more than 50% over the last twelve months.
GOOG stock rose over $1,000 a share in October. Last month, GOOG stock surpassed $1,100 a share, where it remains.
In October, Google reportedly purchased Flutter, a startup developer of hand-gesture technology for mobile devices, for about $40 million.
Source URL: http://investorplace.com/2014/01/goog-stock-google-snatches-app-developer-bitspin/
Short URL: http://invstplc.com/1nz4SYB
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.