Xobni, a San Francisco, CA-based company that provides a solution to make the inbox and address book smarter, has been acquired by Yahoo!(NASDAQ: YHOO).
The transaction amounted to approximately $48m, reports said.
Created in 2006 and led by CEO Jeff Bonforte, Xobni makes it easy to search and discover all the user contacts in their address book. Its Xobni (for Outlook), Smartr Inbox (for Gmail), and Smartr Contacts (for Android and iPhone) automatically found all the people with whom users have ever exchanged emails, calls, or SMS messages and instantly provided a full view of each contact, complete with their photo, job title, company details, and email history — as well as updates from Facebook and Twitter.
The company, whose team is now moving to Sunnyvale at Yahoo! HQ, has released FAQs with the roadmap for existing users to continue to utilize products (read here).
They received funding from YCombinator, Khosla Ventures, First Round Capital, Cisco, BlackBerry Partners Fund, Atomico Investments, Baseline Ventures, RRE Ventures, as well as several angel investors.