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Yahoo has acquired yet another startup. The Marissa Mayer led company has now announced to have acquired yet another startup Distill, which is a San Francisco-based technical recruiting software company. The financial details of the acquisition have not been revealed. Also Read - Yahoo to pay USD 117.5M in latest settlement of massive breach
This time as well Yahoo has mainly acquired Distill for its talented employees who will be joining its headquarters at Sunnyvale and will shut down the startup by end of March. Distill has been working to make the process of technical recruiting easier by developing a service that does video conferencing and has a text editor with file uploading for the two parties to collaborate on coding. The company had raised $1.3 million from various investors including Felicis Ventures, Innovation Works and DN Capital, TechCrunch reports.
Two of the company’s co-founders came from Tapjoy and will help build mobile advertising solutions for Yahoo. Here’s the memo the company put up on its website.
We are excited to share the news that the Distill team is off to start a new adventure! We are joining Yahoo. Prior to creating Distill, we were part of the original team behind the creation of Tapjoy, a mobile performance-based advertising platform that drove deep engagement and monetization opportunities for mobile app publishers. We ll be drawing upon our expertise from the Tapjoy days to help build out Yahoo s mobile advertising solutions.
As of today, we have stopped development of Distill Schedule and Distill Interview. You will still be able to schedule interviews through the end of February, and the Distill platform will remain available through March 30, 2014. If you have any questions, concerns, or data requests, please contact us at email@example.com, or reach out to your account manager directly.
We want to express our sincere thanks and gratitude to everyone at the awesome companies we have been working with, as well as the candidates who have met their future employers through Distill. It s been a fun ride for us, and we couldn t have gotten this far without your help. Thank you!!