Groupon acquires mob.ly

Online local deal discounter Groupon, who closed funding in April at a huge $1.2 billion valuation, has acquired mob.ly, a mobile-development firm led by former Yahoo! Senior Director of Product Management Mihir Shah and Yishai Lerner, former Director of Engineering at Carrier IQ. Mob.ly launched Goodrec, the mobile recommendation service, in September 2008. They have built mobile applications for several leading brands, such as OpenTable and Yahoo!

Details of the deal were not disclosed. The announcement said that the core of Groupon’s mobile team comes through the acquisition.

Location: USA, San Francisco, CA
Sectors: Internet
Ref: F231109-422

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