Federated Media Acquires TextDigger Technology
By Phil Black, August 23, 2010
Today, Federated Media (FM) announced the acquisition of TextDigger’s semantic language technology and its core group of engineering talent. Paid Content has a nice summation of the acquisition here.
We have a number of portfolio companies that work with FM, and FM Founder John Batelle is a good friend of the firm. This acquisition is a fabulous fit for FM, as they augment their in-house technical capabilities with some truly great semantic technology.
At TextDigger, the team always liked to say that they addressed the ‘findability’ of content. Given FM’s distribution reach and its goals for future growth, the TextDigger team and technology will play an important role in growing FM’s platform into the future.
Congratulations to Tim, Robin, Jim, Peter and Bob.