As you probably know by now, Yahoo! is undergoing a major overhaul. It’s cutting programs and acquiring companies left and right in order to stay up-to-date and relevant. As of August 24th, IQ Engines is the latest firm to be bought up by Yahoo!.
IQ Engines is a budding image recognition firm that used to offer its customers image recognition products to help them with various photography and image-based needs. Yahoo! has bought the company and added it to Flickr, its primary image and video hosting website. According to a letter left on the IQ Engines website, the company will focus on organizing Flickr’s massive photo collection and make it more accessible.
Flickr has been part of Yahoo! since 2005 and is currently one of their more successful enterprises. As of 2011 the site has had 51 million registered users and 80 million unique visitors – and those numbers have only risen since.
That being said, it doesn’t have the best navigation process, which is important when you’re looking through over 6 billion pictures. Yahoo! is hoping IQ Engines can do something about that.
Do you think it’s a worthwhile acquisition, or is this acquisition a waste of time and resources?
Source – Engadget