Google buys Spanish photo website company
1 June 2007, MADRID - Search-engine titan Google has decided to buy Panoramio, a Spanish Web site that allows digital photographers to geo-locate, store and organize photographs, sources at the firm being acquired told Efe.
1 June 2007
MADRID - Search-engine titan Google has decided to buy Panoramio, a Spanish Web site that allows digital photographers to geo-locate, store and organize photographs, sources at the firm being acquired told Efe.
Google, which since Panoramio was launched at the end of 2005 has hosted it on its servers and has recommended it on Google Earth, also announced on its official blog its decision to buy the Spanish firm.
The price Google will pay for the Spanish portal remains confidential.
"We're very, and I mean very, happy at the news," Eduardo Manchon, Panoramio's founder along with Joaquin Cuenca, told Efe.
The Spanish Web site allows users to store up to 2 gigabytes of photos, equivalent to about 4,000 images taken with a 4-megapixel digital camera.
The integration of Panoramio into Google Earth "has been so successful since John Hanke proposed it that we see the acquisition as a natural consequence," Manchon said.
The Spanish Web site in recent months has tightened its relationship with Google, which in December became a provider of Google Earth images - a move which caused its traffic to increase 50-fold to 4 million hits in February - and, finally, decided to take "an additional step."
"We couldn't imagine a better scenario than selling Panoramio to Google," he said.
For the moment, the Web site's user interface will not change and it will retain the same functions.
"We'll continue working for Panoramio as a team, but using the Google infrastructure above and beyond its map technology," he added. EFE
[Copyright EFE with Expatica]
Subject: Spanish news