Deals

Evri acquires Twine for a semantic search team-up

Evri, a company using semantic technology to deliver real-time search results around news, just announced that it has acquired another semantic-focused startup, Radar Networks, and its flagship product Twine.

Evri chief executive Will Hunsinger said Twine’s technology, including the in-development revamp dubbed “T2,” will be incorporated into Evri. There’s a nice complement between Evri’s “semantic index of the real-time web” with Twine’s tools for organizing, recommending, and sharing content. When I asked about timing and other details, Hunsinger told me to “stay tuned,” adding that the integrated product is “not years away.”

“We just have to figure out how that best manifests itself in the consumer experience,” he said.

Nova Spivack, chief executive of Radar Networks, said the deal came about after the company tried and failed to raise funding, so it needed to find “a good home.” There were a number of interested buyers, but Evri “made the most compelling offer, and seemed like the best cultural and strategic fit,” Spivack said.

Evri will be keeping part of the Twine product and tech team, which will be moving into the Evri San Francisco office. (Evri is headquartered in Seattle.) Spivack, meanwhile, will serve as an advisor to Evri, but will focus on other projects.

Evri launched some of its features at the DEMO conference, co-produced by VentureBeat, a year ago. Both companies were backed by Vulcan Capital — Evri for $8 million and Radar for $18 million. Radar Networks’ other investors included Velocity Interactive Group, Draper Fisher Jurvetson, and Leapfrog Ventures.

The terms of the acquisition were not disclosed.