Google Acquires Technology Assets of Outride Inc.
Transaction Complements Google’s Technology Development To Provide Search Results with Greater Relevance
MOUNTAIN VIEW, Calif. – Sept. 20, 2001 – Google Inc. today announced the company’s acquisition of the intellectual property, including patent rights, source code, trademarks, and associated domain names, from Outride Inc., a Redwood City, Calif.-based developer of online information retrieval technologies. Financial terms of the deal were not disclosed.
"This acquisition is another example of Google’s commitment to providing the highest quality search service in the world," said Larry Page, Google co-founder and president, Products. "Outride has made significant advances in the field of relevance technology and we believe Google provides the ideal vehicle to continue the development of these technologies."
Outride, a spin-off from Xerox Palo Alto Research Center (PARC), was created to apply state-of-the-art model-based relevance technology to the challenge of online information retrieval. Outride’s technologies were designed to enhance productivity from end-users by simplifying the ability to find the right information at the right time. The acquisition of assets from Outride follows a deal Google completed earlier this year, in which the company acquired the Usenet discussion assets from Deja.com.
About Google Inc.
With the largest index of websites available on the World Wide Web and the industry’s most advanced search technology, Google Inc. delivers the fastest and easiest way to find relevant information on the Internet. Google’s technological innovations have earned the company numerous industry awards and citations, including two Webby Awards; WIRED magazine’s Readers Raves Award; Best Internet Innovation and Technical Excellence Award from PC Magazine; Best Search Engine on the Internet from Yahoo! Internet Life; Top Ten Best Cybertech from TIME magazine; and Editor’s Pick from CNET. A growing number of companies worldwide, including Yahoo!, AOL/Netscape, and Cisco Systems, rely on Google to power search on their websites. A privately held company based in Mountain View, Calif., Google’s investors include Kleiner Perkins Caufield & Byers and Sequoia Capital. More information about Google can be found at www.google.com.
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