Twitter just bought Gnip, an important provider of social data that was already in a long business relationship with them.
- Founded in 2008
- Twitter’s first data partner
- First with access to complete archive of Twitter Data
- First data partner for Tumblr, WordPress, Foursquare, Disqus, IntenseDebate, StockTwits, and GetGlue
Gnip mentioned that until now it processed about 2.3 trillion tweets. This acquisition will bring more value to Twitter shareholders and also a lot of synergies. By getting access to resources and infrastructure to be able to go to the next level, also Gnip will most probably be able to offer higher quality services to Tumblr, WordPress and other clients.
Also, GNIP CEO believes that this acquisition will send a clear signal that social data investments are solid.