Money Matters - Simplified

Google confirms purchase of BumpTop

BumpTop is the latest startup technology that Google has added to its long list of acquisition. Just earlier this week, Google purchased LabPixies, a maker of widgets.

Google announced via an official web posting on Monday that it has added another start-up technology to its long list of acquisitions by purchasing Toronto-based Bump Technologies Inc., makers of the 3D desktop organizing software, BumpTop.

"We're happy to welcome the BumpTop team to Google, but we don't have any specific information to share,” said a Google spokesperson in a statement.

Google spokesperson refused to divulge any other details regarding the purchase. However, as per market reports, Google paid somewhere between $25 million to $35 million to buy Bump.

Reportedly, Google intends to integrate Bump technology with its latest offering Chrome operating system for tablet computers.

Bump Technologies were founded in February 2007 and its software allows 3D multi-touch desktop on Mac and Windows computers.
Bump said in a statement, “BumpTop (for both Windows and Mac) will no longer be available for sale. Additionally, no updates to the products are planned."

Google Planning to launch tablet computer?
Just few days ago Google’s engineer posted in-depth information on how Google’s upcoming Chrome operating system will look on tablet computers. This gave rise to the speculations that Google is planning to launch its own tablet device.

Since then market analysts are busy speculating that Google after launching its own mobile phone, now wants to launch tablet computer to challenge Apple’s iPad tablet.

Apple recently launched its iPad tablet computer that went on to become a popular device in and outside United States.

Reportedly, Google intends to integrate Bump technology with its latest offering Chrome operating system for tablet computers.

As per analysts, since both companies always try their best to stay one step ahead of the other, it would not be a surprise if Google indeed end up releasing its own tablet computer.

"Given the arm wrestling going on between Apple and Google over who will have the sweetest user experience, BumpTop’s cool desktop and underlying technology are a natural piece of Google's user interface puzzle as they prepare to take on the current kings of all consumer electronics," said Mark R. McQueen, president and chief executive at Canadian venture debt firm Wellington Financial.

Google’s purchases so far
Google has acquired many startup technologies since last year and its list of acquisition only seems to be increasing in 2010.

BumpTop is the latest startup technology that Google has added to its long list of acquisition. Just earlier this week, Google purchased LabPixies, a maker of widgets.

Before that Google acquired Aardvark for estimated $50 million; ReMail; Picnik, a web-based photo editing technology; DocVerse for estimated $25 million; Episodic, a provider of live video streaming technology; Plink, and a stealthy hardware startup Agnilux.