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Yahoo buys QuikIO


geeteam

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Today, it was reported that Yahoo in another acqui-hire move bought the cross-platform video startup called QuikIO…
A Yahoo spokesperson in a prepared statement to PandoDaily confirmed the deal:
I can confirm that three employees from QuikIO have joined Yahoo’s video team in Sunnyvale. We’re excited to welcome the team to Yahoo and aren’t going to comment further on deal terms or future plans.
Billed as the ‘FedEx of media files’, QuikIO will be shut down after December 31.
“Thank you very much for being a QuikIO user,” a notice on its website reads. “We want to let you know that we’ll be shutting down QuikIO service at the end of the year”.
The company was launched by VoIP expert and CEO Michael Chen, VP of engineering Xumin Wu and Budi Sutardja, all Cisco veterans who left their lucrative positions at Cisco to start QuikIO.
QuikIO-for-iOS-iPhone-screenshot-003.jpe
A year ago, they launched the free QuikIO app for the iPhone and iPad in the App Store.
The software allows you to instantly stream, download and share media files between devices regardless of their location. You can stream files from a computer, as well as send photos, videos and files between iPhones and access your media over the web.
The company is now advising existing users to switch to one of the alternative media-streaming apps: Plex, Tonido, Air Video or Air Playit. After December 31, the startup will stop offering support and will pull apps for iOS, Mac and Windows.
The software will however continue to operate, but only with the LAN discovery mode, as described in this post.
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Wow, Yahoo is on a photo/video company acquisition spree of late! Flickr, Tumblr, QuikIO and also might be planning to buy Imgur. Unfortunately they don't seem to be doing anything great once they buy their (budding) competitors off, kinda like AOL back in the day.

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LOL! unfortunate for them, i dont know what they want... <_<

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Wow, I thought it was 4-5 companies but looks like Yahoo has been on a real buying spree ever since Marissa Mayer took over! According to this CNN article, the primary reason is to acquire talented employees quickly, and not for the companies themselves:

But Yahoo has been mainly interested in those companies for their engineering talent, also known as the "acqui-hire" method. Yahoo shut down all but three of the 16 companies it purchased in the past year, and many of the startups' teams joined the company's mobile staff. (Only blogging platform Tumblr, gaming infrastructure creator PlayerScale and video app Qwiki have survived.)

That's probably why Flickr has stagnated since the buyout, and why I hope they don't get their hands on Imgur either. I actually like that site and would hate to see it killed off.

Edited by janedoe
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