Yahoo has acquired Jybe, a mobile app created by five former Yahoo employees who had left the company.
The app, which provided personalized recommendations on food and entertainment, was built by former Yahoo employees, Arnab Bhattacharjee, a former vice president of search technology, Tim Converse, Christian Kunz, Sameer Paranjpye and Karthik Krishnamurthy, who worked on search and big data.
“On a personal level, I’m thrilled to welcome back Arnab, Tim, Christian, Sameer and Karthik. I, too, am a recent ‘boomerang,’ returning to Yahoo! to participate in the incredible spirit of innovation and entrepreneurialism that’s taken over the company. As a technologist, there are rare moments in your career when you get to be a fundamental part of the transformation of one of the most iconic companies on the Internet,” Jay Rossiter, Yahoo’s senior vice president of Yahoo’s cloud platform group, wrote on the company’s blog.
Since Marissa Mayer took over as CEO in July, Yahoo has acquired a number of small mobile apps, many run by people Mayer worked with at Google, to build up Yahoo’s mobile offerings. The stock market has smiled on her leadership, but Mayer drew criticism when she revoked agreements that allowed some employees to work from home regularly.
The Jybe app will be shut down, but the team promised “to apply what we’ve learned about recommendation, personalization and the mobile experience to the hundreds of millions of people who come to Yahoo! every day.”