Google has purchased Bump App

Google has purchased Bump, a 4-year old company known for its eponymous mobile app, which lets users exchange contact information by bumping their phones. The startup behind popular smartphone apps for sharing contacts, pictures or other data by “bumping” smartphones together announced on Monday that it has been bought by Google

Bump announced the move on Monday on its official blog. "Our mission at Bump has always been to build the simplest tools for sharing the information you care about with other people and devices," Bump CEO David Leib wrote on the company's blog.

Bump Technologies co-founder and chief David Lieb did not disclose terms of the deal bringing his team into the Google fold but leaving its popular Bump and Flock applications available to users.

Terms of the deal were not disclosed, but AllThingsD pegs it at between $30 million and $60 million. Bump had raised $20 million venture funding from Sequoia Capital and Andreessen Horowitz, among others.

Lieb, working with Andy Huibers and Jake Mintz, created Bump in 2008 at the University of Chicago. The company released its iOS and (later) Android apps in 2009 and later got more than 100 million downloads.

Full blog post 

We’re excited to announce that the Bump team is joining Google!
Our mission at Bump has always been to build the simplest tools for sharing the information you care about with other people and devices. We strive to create experiences that feel like magic, enabled behind the scene with innovations in math, data processing, and algorithms. So we couldn’t be more thrilled to join Google, a company that shares our belief that the application of computing to difficult problems can fundamentally change the way that we interact with one another and the world.
Bump and Flock will continue to work as they always have for now; stay tuned for future updates.
We’d like to extend a special thank you to all of you who have used our products so far. It continues to be a pleasure to serve you, and your feedback and evangelism inspire us every day.

David Lieb
CEO and cofounder
Bump
We also want to thank our investors, advisors, and supporters — Marc Andreessen and all of a16z; Greg McAdoo, Tim Lee and all of Sequoia; Paul Graham, Jessica Livingston, and everyone at Y Combinator; Ron Conway and SV Angel; Ram Shriram of Sherpalo; Aydin Senkut of Felicis — and our friends and family who have encouraged us to dream big and push the world forward.

Please direct all media inquiries to press@google.com

Image: Bump