Google has reportedly reached an agreement with the European Commission to change its search practices after a two-year investigation on whether the search engine giant favors its own properties in the search results.
The digital marketing software company behind companies like Facebook, Travelocity, and Zappos has its eye on international markets and enhanced products. Kenshoo has announced a $12 million late-stage funding round led by Tenaya Capital, with participation from existing Kenshoo investors Sequoia Capital, Sequoia Growth Fund, and Arts Alliance.
It doesn’t matter that we’re coming up on the end of Q4. There’s A LOT happening in the social media IPO market right now! Check out these 10 companies:
The high-flying travel search startup Kayak Software Corp. intends to go public with shares worth up to $50 million, according to an SEC filing, but faces a challenge from Google.
The Connecticut-based Kayak.com, which pulls in airfares, hotel prices and other travel-related search results from multiple sources such as Expedia and Orbitz, has been growing steadily since its launch in 2004. According to the document, the company processed 469 million travel searches in the first three quarters of 2010, an increase of 37% compared to the same period a year ago. That translates into some big bucks.
The company said sales rose 48% to $128.3 million during that period. And for the quarter ending on Sept. 30, sales were up 80% compared to 2009. The online travel industry as a whole generated $216 billion, according to Kayak, giving it and other similar companies plenty of space to grow into.
Kayak’s mobile applications have been downloaded almost 4 million times since their introduction in March 2009, and those stats include 1 million downloads in the September quarter alone.
Despite the big numbers, Kayak and similar travel search sites may get a big stomping from Google, which is in the process of buying ITA Software, the company that powers Kayak’s travel search engine. Google announced back in July that it would buy ITA for $700 million. Read more