Tuesday, June 26, 2012
Science Inc. Makes First Acquisition, Pinpuff
Science, Inc., the startup business effort run by Mike Jones, the former CEO of MySpace, has made its first acquisition, saying this morning that it has acquired Pinpuff, the developer of a platform which measures the influence of Pinterest users, and awards them with perks. Financial terms of the buy were not disclosed. Pinpuff was developed by a developer in India. Jones said that Science Inc. will be relocating the founder and CEO of Pinpuff from India to its headquarters in Los Angeles. Science explained that the acquisition comes due to the magnitude of interest in Pinterest, and which is now the second highest referral network for sales within Science companies.