Twitter Acquires Data Startup Gnip

What's This?

The Twitter bird logo is on an updated phone post on the floor of the New York Stock Exchange, Wednesday Nov. 6, 2013. Twitter is expected to price its initial public offering some time Wednesday night. The company recently raised its price range to $23-$25 per share, following strong investor demand, and is expected to start trading on the New York Stock Exchange on Thursday.

Image: Richard Drew/Associated Press

By Jason Abbruzzese2014-04-15 13:21:30 UTC

Twitter is acquiring Gnip, a social data provider.

The value of the deal was not immediately disclosed, but Gnip has raised $6.6 million in funding.

"We want to make our data even more accessible, and the best way to do that is to work directly with our customers to get a better understanding of their needs. To that end, we have agreed to acquire Gnip, a leading provider of social data and a long-standing Twitter data partner," Twitter wrote in a blog post.

Gnip was founded in 2008 and claims to be Twitter's first data partner. It works with a variety of clients including Tumblr, WordPress and Foursquare. It also provides Twitter data to the Library of Congress.

The company also features data from Sina Weibo, a popular Chinese service similar to Twitter.

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Topics: Business, social analytics, Startups, Twitter