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December 12, 2007
Microsoft Buy UK's Multimap
Microsoft Corp. has acquired Multimap, a venture-backed supplier of online mapping services to the likes of LastMinute.com and other online services. No disclosure on the size of the deal. According to Red Herring, Multimap raised about £3.3M in two rounds and its largest shareholder is the founder, Sean Phelan. The outside investors, according to RH, included Telewest and Infotech Enterprises. Multimap is doing about £12M in sales and was profitable, according to a November published report in FT.
Posted on December 12, 2007 04:14 PM | Posted to News And Updates | Permalink
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