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Google acquires Rangespan, terms of the deal undisclosed

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(Credit: Reuters) A Google search page is seen through the spectacles of a computer user in Leicester, central England.Google Inc
May 2
4:37 PM 2014

Another move was initiated by Google to create its e-commerce business after acquiring London based back office provider for online sellers Rangespan.

The acquisition of Google for a company based in the UK is the third this year after the former acquired DeepMind, an AI specialist and Spider.io, a startup against malware.

The terms of the deal have not been disclosed although Ryan Regan told TechCrunch that the acquisition would get the service offered by Rangespan to be closed and integrated into Google.

Regan declined who would join the company’s board. He said, “Some of us, including me, are moving over to join Google in Mountain View. There are a lot of parallels between what we are doing and what Google is doing and we are excited to work together.”

Apart from Regan, there were three others who have been working in Rangespan, said a company profile listed on Crunchbase. This included Matt Henderson, Rangespan’s co-founder, data science director Van Gael and technical director James Summerfield.

Meanwhile, Rangespan has received $5 million funding from Octopus.

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