Microsoft’s Attraction to Conduit Comes in Big Numbers, Reach
Spreading like wildfire are rumors about Microsoft’s plans to acquire Kondoaet (Conduit). This purchase of another Israeli company will mark its 10th acquisitions of businesses in the country. The most popular software organization in the world has already bought at least 9 businesses in the Promise Land including: Somix, a software company JVP, which was sold about 30 million dollars, Akidaro, you know, John Etko Whale Communications and the development of Achshaaharona chip 3DV.
Kondoaet is regarded as the premier Israeli web company that has tremendously grown since its birth in 2008 and is presently self-sustaining. Experts and reports have mentioned that the deal would cost Microsoft around $300 million. If this pushes through, the acquisition will be the largest acquisition of Microsoft.
Kondoaet is famed for its online browser apps and toolbars. It is a very lucrative company with revenues from last year was seen at $100 million. The deal will be a big fortune ride for the 3 smart founders of Kondoaet: Dror Erez and Ronen Shilo hold 22% shares each, while the Sound Magic has4%. Kondoaet has maintained a solid following and trust from several prominent figures and associations like Zynga, Major League Baseball American, Lufthansa and the Barbadian R&B singer, Rihanna. It provides more than 2500 online toolbars site. Everything is free of charge for the user. The company gets revenue from tie ups with other companies like Google, Firefox and IE.
It was also reported that internet major player IAC placed a $100 million for the company; Kondoaet refused this offer.
In related news, Conduit launched a series of app tools for enhancing consumer interaction. Groupon integration is just one of the new features offered by the startup, which is reporting high growth for its network, now reaching over 200 million users. See below for an early interview with Conduit, from SiliconANGLE contributor Robert Scoble.
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