Yahoo! Acquires Cooliris

Acquisitions

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Cooliris, a San Francisco, CA-based developer of visually immersive media and communication experiences for mobile and web consumers, has been acquired by Yahoo!The amount of the transaction was not disclosed.Led by Soujanya Bhumkar and Austin Shoemaker, Cooliris has developed messaging and media experiences for mobile and web consumers.Its apps include BeamIt, a visual messaging app featuring private messaging and photo sharing tools, and LiveShare, a hyper-personal way to communicate with friends across mobile and web through live, shared group photo streams.The company had raised more than $28m in vc from Kleiner Perkins Caufield & Byers, DOCOMO Capital, T-Venture, DAG Ventures, and The Westly Group.

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